J&K economy buffeted by challenges; its showpiece industries are in trouble ...Middle East

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J&K economy buffeted by challenges; its showpiece industries are in trouble
Srinagar:  A common misconception about Kashmir’s economy is that tourism is the largest industry here. The fact is that the biggest industry is horticulture with an annual turnover of Rs 10,000 crore. Horticulture contributes 7.5 per cent to J&K’s GDP and employs 33 per cent of its population. The total annual earning from the tourism industry in J&K is Rs 8,000 crore. This industry contributes 7 per cent to the GDP and employs 70,000 people, both directly and indirectly in Kashmir. While the tourism industry has made a quantum jump during the last 2 years both in terms of footfalls and income, horticulture continues to suffer because of many reasons. The horticulture industry is faced wit

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