Economy of jammu and Kashmir important for all competitive exams.
. The economy of jammu and Kashmir a region in northern india, has been shaped by its unique Geographical features, historical, the region 's economy was predominately agrarian, with agriculture, horticulture, and animal husbandry forming the backbone of its livelihood. One time over time, however other sector s such as tourism, handicrafts, and industries have become significant contributions to the total economy.
Agriculture remains one of the most important sectors in jammu and Kashmir. The fertile lands of the kashmir valley produce a variety of crops, including rice, wheat, maize, pulses
Additionally the region is renowned for its saffron cultivation and the production of high quality fruits, especially Apples, cherries, and walnut. Animal husbandry also play an important role, with livestock farming providing an important source of income for rural families.
Horticulture particularly the cultivation of fruits like Apples cherries and apricots, has become a major export industry. These states is one of indias leading producers of apples , and the fruits sector contribution significantly to the economy. The agriculture industry however faces challenges such as inadequate, irrigation, infrastructure, limited mechanization ,and vulnerability to climate changes.
Tourism is another pillar of the regions economy. Known for its SCENIC beauty, kashmir attracts millions of visitors each year the states lakes, mountains, and cultural benefits heritage sites make it a prime destination for tourists.
Despite political unrest and security concerns in recent decades, the tourism sector remains an important source of employment and foreign exchange.
The handicrafts industry is also significant, with kashmiri shawls, carpets, and paper machne items being in high demand. These traditional craft provide employment to thousands of artisans, contributing to both the local economy and cultural heritage.
However the region 's economy faces serval challenges, including political instability, lack of infrastructure, and a high unemployment rate, especially among the youth. Efforts to improve infrastructure, promote, industrial growth, and enhance connectivity are critical for the sustainable development of jammu and Kashmir's economy..
Economy play an important role in the development of jammu and Kashmir to include infrastructure and boost agriculture, horticulture and service sector.
Economy paly an important role in the development of jammu and Kashmir.
