The Jammu and Kashmir Economy depends mostly on traditional form of occupation. Unaffected and unaltered by modern day industrial developments and changing times, the indigenous traditional occupations of farming, animal husbandry and horticulture forms the backbone of the economy of the state of Jammu and Kashmir.
A state affected by continued violence and insurgency, the economy of Jammu and Kashmir is an undeveloped one. However in the recent years, the government of Jammu and Kashmir has taken several significant steps to strengthen the financial condition of the state and improve the standard of living of the indigenous local inhabitants.
Farming is one of the predominant economic activities of the state. The majority of the native population depends on primitive forms of shifting agriculture. The valleys of the region form suitable grounds to grow various kinds of crops that earn a large chunk of revenue for the state.
Another important economic activity of the state of Jammu and Kashmir is animal husbandry. Apart from farming the undulating lands of the state, most of the local inhabitants also keep many animals like sheep. Sheep rearing is an important industry of the region. The fine quality of wools produced by the sheep are used for weaving colorful and attractive woolen carpets, shawls and other woolen garments that form an integral part of the handloom products of the state.
The other important economic activity of Jammu and Kashmir is horticulture. Horticulture is one of the budding industries of the state that earns large revenue. The favorable weather helps in the production of many kinds of fruits.
The state government of Jammu and Kashmir has turned its attention to the various infrastructural amenities of the region. Roads, power, health, primary education and water supply are some of the important areas that need the urgent attention of the state government.
Last Updated on : January 29, 2020
