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| Economic Survey shows poor state of key sectors in J&K | | | early times report
JAMMU, Apr 23: While government has been claming general improvement in the economic and social indicators in its annual Economic Survey placed before the Legislative Assembly, but it has exposed many loopholes in Agriculture, Finance, Horticulture and production of food grains in Jammu and Kashmir.
An analysis of sectoral percentage contribution at (2004-05) to 2011-12 indicate a steady decline in the percentage of contribution of Agriculture and Allied activities from 28.06 percent to 19.36 percent reflecting average annual decline of about 1.24 points.
The contribution of territory and services sectors stood at 26.41 per cent and 54.23 per cent in 2011-12 as against 28.22 per cent and 43.72 per cent respectively during 2004-05. Major contribution to GSDP at constant 2004-05 prices for the current fiscal is from sector like Public Administration, Agriculture and Livestock and construction activity.
The total receipts for the year 2010-11 were of the order of Rs 25569 crore as against the target of Rs 28733 crore. While the fiscal deficit for year 2010-11 stood at Rs 2367 crore as against Rs 3989 crore in 2009-10.
"Fiscal deficit as percentage of GSDP (at current prices) which had slightly improved from 8.4 per cent in 2009-08 to 7.9 per cent in 2008-09 slipped to high of 10.4 per cent during 2009-10", says the EconomicSurvey report.
Report claims that implementation of 6th Pay Commission recommendations in July 2009 has been the main reason for higher fiscal deficit.
As per the report, during 2010-11, fiscal deficit was recorded at 4.96 per cent of the GSDP (at current prices) is inter alia attributed to revision of base year from 1990-2000 to 2004-05 adopted for calculation of GSDP.
While Horticulture sector which is an important sector and contributing to the nutritional security and on farm employment is facing a major challenge on account of poor post harvest technology and inadequate storage and processing capacity in Jammu and Kashmir. "Intervention is required to be made to facilitate access to the market though a better cold chain management", survey has contributed.
The production of food grains in the state has not kept pace with the requirement, as the agriculture sector faces challenges on various fronts. "Yield of principal crops, rice, maize and wheat are not significantly improving over the years. The national average of seed replacement rate has been above 25 percent while the state of Jammu and Kashmir it is yet to surpass 15 per cent of Seed Replacement Rate (SRR)", survey has revealed.
On the electricity generation, due to the constraints imposed by the provisions of Indus Water Treaty preventing water storage of Jhelum, Chenab and Sindh rivers, the generations of power projects constructed as run of the rivers reduced to less than 1/3rd of installed capacity during winter when these snow fed rivers dwindle. On the health front, the child sex ratio has shown a sharp decline in state from 941 (per 1000) in 2001 to 859 (per 1000) as per census 2011 which the report says is area of concern.
The overall sex ratio has also declined from 892 (per 1000) in 2001 to 883 (per 1000) as per the census 2011.
Education sector continues to suffer mainly due to the lack of infrastructure and other facilities. Despite general improvement in literacy rate and enrollment ratio in the state, inadequate infrastructure and deficiency of teaching staff and lack of drinking water still mar the educational institutions.
On the positive note, only tourism industry has shown improvement as 13.14 lakh domestic and foreign tourists visited Kashmir valley during this fiscal and 1.79 lakh visited Ladhak. Over 10 million devotees visited Mata Vaishno Devi Shrine during the period. Similarly 6.34 lakh pilgrims visited Amarnath cave Shrine.
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