India at 7.4%, J&K Growth Steady at 5.82%: Economic Survey 2025–26
Survey flags slight moderation in J&K growth
Highlights strong economic base and need for sectoral balance
Our Special Correspondent
Srinagar: India is set to maintain its strong growth momentum in 2025–26, with the economy projected to expand by 7.4 percent, while Jammu and Kashmir is expected to record a steady growth of 5.82 percent, reflecting resilience despite a slight moderation, according to the Economic Survey 2025–26.
Quoting the Economic Survey 2025–26, “Indian economy is estimated to grow at 7.4 per cent (First Advance Estimates of MoSPI, GoI) during 2025–26,” reaffirming the country’s position among the fastest-growing major economies. The Survey also notes that projections by global institutions remain robust, with the International Monetary Fund estimating 7.3 percent growth and the World Bank projecting 6.6 percent for the same period.
Highlighting the link between national and regional economies, the Survey states, “The economic performance at national level is combination of performance of economies of States/ UTs… interlinked through various channels including fiscal action, policy frameworks, investment flows, labour markets, and regional development initiatives.”
For Jammu and Kashmir, the Survey underscores the region’s economic strengths, noting that “the economy of Jammu & Kashmir is characterized by its agricultural base, rich horticulture, traditional handicrafts, and significant tourism potential,” positioning it as a dynamic region for expansion.
As per Advance Estimates, the Survey reveals that J&K’s nominal Gross State Domestic Product (GSDP) is projected at Rs 2,85,674 crore, while real GSDP is estimated at Rs 1,49,990 crore in 2025–26.
On growth trends, the Survey states, “The Real Gross State Domestic Product of Jammu & Kashmir is estimated to grow by 5.82 per cent in 2025–26, compared to 6.14 per cent in 2024–25, indicating a marginal moderation in growth during the year.”
Despite the slight dip, it emphasizes stability, adding, “the estimated growth rate of 5.82 per cent reflects an overall stable performance of the Union Territory’s economy.”
The moderation, the Survey points out, “largely appears to be influenced by a relatively slower expansion of the services sector (tertiary sector),” which remains a key driver of J&K’s economy.
The Survey further stresses the importance of regional analysis, noting that “monitoring the national macro economy at the State/ UT level is necessary to assess the impact it will have on the regional economies,” as different regions respond differently based on their economic structures and resources.
Overall, the Economic Survey 2025–26 presents a picture of sustained national growth alongside a stable, though slightly moderated, economic performance in Jammu and Kashmir, calling for balanced sectoral development to maintain momentum.
