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| In Omar’s tenure JK's living standard was lowest | | GSDP recorded more than 7% lower than national average in F.Y 2014-15 | | Jammu: Even when NC Vice President Omar Abdullah is busy ridiculing the government over- plethora- of issues confronting the erstwhile state, he is perhaps forgetting the fact that his last year in office saw the most dreadful decline in growth of Jammu and Kashmir’s Gross Domestic Product (GDP) that got plummeted to mere two percent.
Gross State Domestic Product (GSDP) is the market value of all officially recognized final goods and services produced within the State in a given period of time. The growth of GSDP is an important indicator of standard of living of the State’s population.
As per the documents in possession of Early Times News paper, in the financial year of 2014-15, India’s GDP was Rs 1,24,67,959 crores. The growth rate of the GDP was 10.99 percent. During that year, the GSDP of Jammu and Kashmir was mere Rs 98,370 crores which was calculated as mere 2.88 percent. Upon comparison with the national average, Jammu and Kashmir’s standard was living was 7.6 percent less than the national average.
Interestingly, Omar Abdullah was the chief minister of Jammu and Kashmir when such figures were recorded. The NC Vice President demitted the office of Chief Minister after the polls of 2014. The figures have once again revealed the sorry state of affairs the Jammu and Kashmir was reeling under during Omar’s tenure as CM. “There has been a lot of rhetoric going around that Jammu and Kashmir used to be a better place during the tenure of PDP and national conference. However, the facts and figures coming to the fore are only revealing how the lies have been manufactured by these parties to hoodwink the innocent masses. Central grants used to remain in limbo with projects shelved with impunity. There was only anarchy ruling the roost,” says a Srinagar based senior scribe when asked about the rhetoric of the regional political groups.
Pertinent to mention that records reveal that in financial year of 2013-14, there was a difference of whooping 547 crore rupees between the revised estimates of revenue and actual realisation of the same, summing up the difference as 8.02 percent. In the non tax revenue, the difference was 15.59 percent. In the financial year of 2014-15, the difference between revised estimates and actual realisation in tax revenue was 1.62 percent while as the difference in non- tax revenue was 37.29 percent. In the financial year of 2015-16, the difference between revised estimates and actual realisation in tax revenue was 8.29 percent while as the difference in non- tax revenue was -13.26 percent. In the financial year of 2016-17, the difference between revised estimates and actual realisation in tax revenue was 7.38 percent while as the difference in non- tax revenue was 22.05 percent. In the financial year of 2017-18, the difference between revised estimates and actual realisation in tax revenue was 5.92 percent while as the difference in non- tax revenue was 19.06 percent.
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