Jammu and Kashmir primarily has an agrarian economy, with a significant portion reliant on tourism.
The region’s hydroelectric projects, particularly those in the Chenab Valley, hold great potential for bolstering the local economy. However, most of these projects are currently under the control of the central government. State Political parties have long demanded that these projects be transferred to the state government to support better and enhance the local economy.
Some other important points regarding the promotion of the economy are as follows.
NC: Creation of the SEZs to provide an enabling environment for investors, industrial status to the tourism sector, the establishment of a hospitality and tourism university, and sustainable mining exploration of lithium and sapphire.
It also promises to devise a policy for the landless and those who have been in uninterrupted possession of state lands. Remember that after independence, Jammu and Kashmir implemented exemplary land…