Srinagar, March 7 -- The economy of Jammu and Kashmir is projected to grow at 7.06% in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19% in 2024-25, read the Economic Survey Report for the year 2024-25 tabled by J&K chief minister (CM) Omar Abdullah on Thursday in the legislative assembly.

The economic report was tabled ahead of budget which will be presented in the House on Friday.

"The nominal GSDP is estimated to reach Rs.2.65 lakh crore,while the real GSDP is projected at Rs.1.45 lakh crore.This growth reflects a compound annual growth rate of 4.89% in real GSDP from 2019-20 to 2024-25,surpassing the previous period's growth rate of 4.81% from 2011-12 to 2019-20.The per capita income is ...