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The gross domestic product of Jammu and Kashmir was estimated at ₹ 1.76 lakh crore (equivalent to ₹ 2.1 trillion or US$24 billion in 2023) in 2020–21. [80] In the fiscal year 2023–2024, it is expected that Jammu and Kashmir's Gross Domestic Product (GDP) will exceed Rs 2.30 lakh crore, with a growth rate of 10 per cent. [81]
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In August 2019, the Jammu and Kashmir Reorganisation Act was passed by both houses of the Indian Parliament. The provisions contained in the bill reorganised the state of Jammu and Kashmir into two union territories; Jammu and Kashmir (union territory) and Ladakh with effect from 31 October 2019.
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The Government of Jammu and Kashmir is the principal administrative authority responsible for the governance of the Indian union territory of Jammu and Kashmir.Established on 5 March 1948 as the Government of Princely state of Jammu and Kashmir, and the Government of Union Territory of Jammu and Kashmir after the reorganization of the former state of Jammu and Kashmir in October 2019, the ...
The Jammu and Kashmir Reorganisation Act, 2019 is an act of the parliament of India containing provisions to reconstitute the state of Jammu and Kashmir into two union territories (UTs) called Jammu and Kashmir, and Ladakh, and becoming effective on 31 October 2019.
Jammu and Kashmir was the only Indian state to have its own official state flag, along with India's national flag, [97] in addition to a separate constitution. Designed by the then ruling National Conference, the flag of Jammu and Kashmir featured a plough on a red background symbolising labour; it replaced the Maharaja's state flag. The three ...