A Proof of what i was saying
Employment generation in the country increased considerably in the eight-year period – 1998 to 2005, as compared to between 1990 and 1998, according to the Economic Census released by the government recently. Employment grew at the rate of 2.78 per cent in 1998-2005, which is much higher than the 1.75 per cent recorded during 1990-98, the 5th Economic Census report said.
The report, compiled by the Central Statistical Organisation, listed the top five states in India in terms of employment generation. To know more, read on.
Jammu and Kashmir: Job growth – 6.82%
Farming, animal husbandry and tourism form an intergral part of the state’s economy. Though increased rated of terrorism and insurgency had hit the state’s tourism industry in the past, it has somewhat rebounded in recent years.
The Kashmir valley earns its revenue from sericulture, fisheries, and fruits like apples, pears, other temperate fruits as well as nuts. Wood from this area is used to make cricket bats. Kashmiri saffron too brings the state a handsome amount of foreign exchange.
In recent times, many FMCG companies have opened manufacturing units in the region. However, industrial development in the region seems a difficult proposition mainly because of the region’s mountaneous terrain and insurgency.
The Indian government has embarked on an ambitious Kashmir Railway to improve the state’s infrastructure.
In 2006, the state reported a gross state domestic product of Rs 539,850 million.