Economy, jobs and prices in Jammu and Kashmir, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹154,826 in 2024-25 at current prices; 5th lowest of 25 with figures. Five years earlier it was ₹101,868, a rise of 52% before inflation.
Is Jammu and Kashmir's economy growing?
After allowing for inflation (2011-12 prices), income per person grew 7.4% in 2024-25; 8th fastest of 25 with figures.
Source: Reserve Bank of India · saved copyHow big is Jammu and Kashmir's economy?
The union territory's economy (gross state domestic product) was worth ₹2.62 lakh crore (₹2.62 trillion) in 2024-25 at current prices, 11.2% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Jammu and Kashmir?
In 2024-25 services made up 61.5% of the value added in Jammu and Kashmir's economy (6th highest of 25 with figures), manufacturing 6.2% (4th lowest of 25 with figures) and crop farming 11.5% (11th highest of 25 with figures), at current prices.
Source: Reserve Bank of India · saved copyHow much food does Jammu and Kashmir grow?
Farmers in Jammu and Kashmir produced 1,844,900 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.5% of India's harvest; 14th smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Jammu and Kashmir?
Unemployment in Jammu and Kashmir in 2023-24 was 5.0% in rural areas and 11.4% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 6th highest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Jammu and Kashmir?
A man working as a general farm labourer in rural Jammu and Kashmir earned on average ₹590 a day in 2024-25 (all-India: ₹398); 2nd highest of 19 with figures. Rural day rates for men were ₹584 for construction workers and ₹572 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Jammu and Kashmir?
Consumer prices in Jammu and Kashmir rose 4.5% on average in 2024-25, and food and drink prices by 5.5% (all-India: 4.6%). Over the same year fuel and light prices fell 0.7% and urban housing costs rose 1.8%.
Source: Reserve Bank of India · saved copyDo banks lend in Jammu and Kashmir?
Commercial banks in Jammu and Kashmir held ₹1.92 lakh crore of deposits at the end of March 2025, about ₹138,800 per resident, and had lent ₹1.16 lakh crore: a credit-deposit ratio of 56.9% (all-India: 80.1%; 18th highest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Jammu and Kashmir produced 2,875,000 tonnes of milk in 2023-24, 1.2% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 23.01 million visits to Jammu and Kashmir in 2024 (0.8% of all domestic tourist visits; 17th most of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 1,480 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Jammu and Kashmir 74 out of 100 on the Sustainable Development Goals India Index in 2023; joint 10th highest of 36. Source: Reserve Bank of India · saved copy
How Jammu and Kashmir compares with other union territories
Income per person (NSDP per capita, current prices) (2024-25)
Jammu and Kashmir ranks 21 of 25, highest first.
| Rank | Region | Income per person (NSDP per capita, current prices) |
|---|---|---|
| 18 | Chhattisgarh | ₹162,870 |
| 19 | Assam | ₹159,185 |
| 20 | Meghalaya | ₹157,141 |
| 21 | Jammu and Kashmir | ₹154,826 |
| 22 | Madhya Pradesh | ₹152,615 |
| 23 | Jharkhand | ₹116,663 |
| 24 | Uttar Pradesh | ₹108,572 |
Urban unemployment rate (usual status) (2023-24)
Jammu and Kashmir ranks 6 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 3 | Andaman and Nicobar Islands | 13.5% |
| 4 | Ladakh | 13.4% |
| 5 | Arunachal Pradesh | 12.8% |
| 6 | Jammu and Kashmir | 11.4% |
| 7 | Nagaland | 11.3% |
| 8 | Himachal Pradesh | 9.0% |
| 9 | Goa | 8.2% |
Services share of the economy (GSVA) (2024-25)
Jammu and Kashmir ranks 6 of 25, highest first. Share of gross state value added at current prices.
| Rank | Region | Services share of the economy (GSVA) |
|---|---|---|
| 3 | Kerala | 67.3% |
| 4 | Telangana | 67.2% |
| 5 | Maharashtra | 64.3% |
| 6 | Jammu and Kashmir | 61.5% |
| 7 | West Bengal | 58.3% |
| 8 | Meghalaya | 57.6% |
| 9 | Puducherry | 54.6% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Jammu and Kashmir ranks 18 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 15 | Karnataka | 67.7% |
| 16 | Assam | 62.7% |
| 17 | Punjab | 58.5% |
| 18 | Jammu and Kashmir | 56.9% |
| 19 | Andaman and Nicobar Islands | 52.2% |
| 20 | Nagaland | 52.1% |
| 21 | West Bengal | 51.6% |
More on Jammu and Kashmir: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 20: Per Capita Net State Domestic Product (Constant Prices), read 23 October 2026 · saved copy (SHA-256 0861a3b6a0df…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
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