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Modi govt revokes Article 370: Uncertain revenues a worry for J&K

The states' GSDP was Rs 1.6 trillion in 2018-19, and it grew 6.8% in 2017-18

Abhishek Waghmare 

A CRPF jawan stands guard as situation in Kashmir continues to be tense and uncertain, in Srinagar, Sunday, Aug. 4, 2019. There are apperhenensions of prolonged law and order problem in the Valley | Photo: PTI
A CRPF jawan stands guard as situation in Kashmir continues to be tense and uncertain, in Srinagar, Sunday, Aug. 4, 2019. There are apperhenensions of prolonged law and order problem in the Valley | Photo: PTI

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’ 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. was near the average at 3.74% in June 2019. Its Budget size of Rs 88,911 crore is more than 50% of its J&K’s fiscal deficit has moved erratically in recent years, from 2% of in 2017-18, to 12.3% in 2018-19. The FY20 projection is about 8%.

Modi govt revokes Article 370: Uncertain revenues a worry for J&K


Modi govt revokes Article 370: Uncertain revenues a worry for J&K

First Published: Mon, August 05 2019. 22:46 IST
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