Excelsior Correspondent
JAMMU, Nov 23: Member Legislative Council Firdous Tak today said that the administrative and fiscal reforms initiated by the present Government in Jammu and Kashmir have started paying dividends
In its latest annual ‘State of the States’ ranking, Jammu and Kashmir has shown an impressive growth rate of 14.7 percent in 2015-16 and was ranked 2nd in the country. The state has also positioned itself at 11th in the overall ranking of large states and has achieved 2nd ranking in other two key areas including Education and Environment.
In a statement, issued here today, Firdous Tak said that the result was outcome of the administrative and fiscal reforms, which the present dispensation was introducing to revamp the system brining accountability and transparency. “From the last three years every budget presented by the State Government has focused on the fiscal reform. The reforms are sure to have long lasting positive impact on the system and bring the state of Jammu and Kashmir out of financial morass and inculcating working culture in the Government sector”, he said.
He said that the latest report came following another publication by the Central Statistics Office recently where Jammu and Kashmir and Arunachal Pradesh were declared to be the fastest expanding State economies in 2015-16. The two States also reported the fastest rise in per capita income in the same year.
Per capita income in Jammu and Kashmir and in Arunachal Pradesh rose by more than 14 per cent at constant 2011-12 prices, while the rise at the national level was 6.8 per cent. The rapid expansion of Jammu and Kashmir’s GSDP came after a 0.3 per cent contraction in 2014-15 when the State was hit by its worst flood in 60 years following heavy monsoon rains, he said.
Tak said that the State Government was setting new benchmarks in administrative and fiscal reforms which have already started paying dividends.
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