India, May 24 -- J&K's (J&K)'s economy is shaped by its unique geopolitical location and intricate socio-cultural composition, and it continues to be impacted by underdevelopment, conflict, and militancy. In this context, government interventions are crucial to integrating the Union Territory more closely into national growth frameworks.

Following the constitutional changes of 2019, J&K's's economy recorded a 7.53% compound annual growth rate (CAGR) in GSDP at current prices from 2018-19 to 2023-24, rising from approximately $23 billion to over $27 billion. The 2025-26 Budget, presented by chief minister and finance minister Omar Abdullah, projects a GSDP growth of 9.5% and focuses on scaling up capital expenditure, infrastructure expans...