Overview

• Addressing FICCI in Srinagar, the Chief Minister said the economy has slowed since mid-April due to the Pahalgam attack and floods, yet he projected 10–11% GDP growth this year.
• He warned that GST rate revisions will cut Jammu and Kashmir’s revenue by ₹900–1,000 crore, calling it a significant fiscal strain.
• He invited industry to provide policy inputs and support CSR and skill partnerships to improve the ease of doing business and employability.
• He pressed for value addition in agriculture and horticulture, noting only 4–5% of local dairy is processed and identifying food processing as a major opportunity.
• He cited connectivity upgrades such as the Delhi–Amritsar–Katra Expressway and four-laning of the Jammu–Srinagar highway, and he ordered faster district capex/CSS spending, action against illegal mining, and funding for school toilets.