Jammu, Feb 18, Feb. 19 -- Chief Minister Omar Abdullah stated that J&K's total debt for 2024-25 stands at Rs.1,37,067 crore, accounting for 48% of the Union Territory's expanded GSDP of Rs.2,88,422 crore. He noted that rising economic output has reduced the debt-to-GSDP ratio from 51% last year. Omar highlighted that borrowings are directed towards productive sectors such as infrastructure, power, and healthcare, ensuring sustainable fiscal management under the FRBM framework.

Published by HT Digital Content Services with permission from Brighter Kashmir....