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| J&K's economic growth Vibrant: CS | | |  Early Times Report
JAMMU, Mar 31: Chief Secretary, Dr Arun Kumar Mehta today released the Economic Survey 2022-23 of the UT, a document presenting the elaborate picture of the economy of J&K for the closing financial year prepared by Directorate of Economics & Statistics, Planning Development & Monitoring Department.
On the occasion the Chief Secretary observed that the document is vital in gauging the progress made by the UT. He also called the document a true account of what we have achieved during the financial year.
He complimented the Department for coming up with this Survey at an opportune time. He said that the survey presents a fine picture of our economic trajectory which is encouraging for all of us. He remarked that the yearly economic growth of the UT is a notch higher than National average which shows that approach we have adopted during last few years is working well for the economy.
The Survey reports that J&K is expected to grow at 8 per cent as against 7 per cent at National level during 2022-23 at Constant Prices. At Current Prices, GSDP of J&K is expected to record a growth of 15% which is at par with National level. Economy of J&K grew faster than the national average in recent years.
It further stated the GSDP is likely to be doubled in the next five years with emphasis on service sector, industries, agriculture, horticulture and tourism. UT Revenue Performance (Tax plus Non-Tax) is expected to double during current year.
The Survey has also applauded the time bound policies, action plans and development strategies being implemented to carry forward and sustain the positive environment and momentum of economic development. It also talks about various reforms initiated for good governance and transparency which includes, IT enabled innovations in administration like Janbhagidari, E-stamping, PaySys, BEAMS, eHRMS, e-GRAS, e-office, GST which are more secure, cheaper, efficient, time saving and reliable compared to the previous systems.
Besides the document brings forth the unique reformative initiatives like District Good Governance Index, Aspirational Blocks Development Programme, Aspirational Panchayat Development Programme, and Aspirational Towns Programme rolled out first time in the country.
It also discusses the prime ranking of J&K it got in different parameters of registering growth and development. Be it the Ist rank among the UTs in its e-office uptake in almost 400 offices with disposal rate of 97 %, first rank among UT's in Renewable Energy Development, Ist rank among the UTs in registration coverage under e-SHRAM, Ist rank among the UTs in issuance of SWAMITVA Cards, 2nd rank in Nasha Mukt Abhaan, 2nd rank in performance under Azadi Ka Amrit Mahostav, 3rd rank at all India level in terms of total road length constructed under PMGSY, 4th rank in incremental progress of SDG, or 5th rank in reducing regulatory compliances burden under ease of doing business at All India Level. |
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