 "Modi govt revokes Article 370: Uncertain revenues a worry for J&K")
The proposed bifurcation of Jammu & Kashmir into two union territories could stretch Centre’s finances, but if political stability is achieved, the volatile economy could be stabilised.
The states’ GSDP was Rs 1.6 trillion in 2018-19, and it grew 6.8% in 2017-18. But it had witnessed contraction and high growth in FY15 and FY16. Inflation was near the national average at 3.74% in June 2019. Its Budget size of Rs 88,911 crore is more than 50% of its GSDP. J&K’s fiscal deficit has moved erratically in recent years, from 2% of GSDP in 2017-18, to 12.3% in 2018-19. The FY20 projection is about 8%.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%