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These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [ 1 ]
Kashmir (/ ˈ k æ ʃ m ɪər / KASH-meer or / k æ ʃ ˈ m ɪər / kash-MEER) is the northernmost geographical region of the Indian subcontinent.Until the mid-19th century, the term "Kashmir" denoted only the Kashmir Valley between the Great Himalayas and the Pir Panjal Range.
Jammu [b] and Kashmir [c] (abbreviated J&K) is a region administered by India as a union territory [1] and consists of the southern portion of the larger Kashmir region, which has been the subject of a dispute between India and Pakistan since 1947 and between India and China since 1959. [3]
Many of the states of India have large GDP (called gross state product) which would rank highly on a list of countries by GDP. These figures are based on the World Bank list on List of countries by GDP (PPP) for world GDP, and the States of India by size of economy figures.
The economy of Kashmir is largely a developing one. The per capita income and provincial GDP estimates of Azad Kashmir are comparatively underrated when compared with development in other regions of the country, although Azad Kashmir notably has a literacy rate that is substantially above the national average. [ 1 ]
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The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
India has control of about half the area of the former princely state of Jammu and Kashmir; Pakistan controls a third of the region, governing it as Gilgit–Baltistan and Azad Kashmir. According to Encyclopædia Britannica, "Although there was a clear Muslim majority in Kashmir before the 1947 partition and its economic, cultural, and ...