Friday, August 12, 2022
Truth presented with deep research & accuracy

The economy of Kashmir; also at stake

Not just the physical condition of Kashmir is under stake the condition of its economy is not any better. The…

Not just the physical condition of Kashmir is under stake the condition of its economy is not any better. The private sector is so weak that the state Government expenditure is 57% of the Gross State Domestic Product whereas if we compare it with its neighbour the GSDP is 28% there.

This dependence on government is largely funded by the Centre, the Centre provides 50% of Jammu and Kashmir revenue receipt, apart from its share of taxes collected by the Centre which Jammu and Kashmir are constitutionally authorized to receive.

The immensely overstuffed government workforce is around 5.5 lakhs out of which the 70% is from the valley; they ensure that more than a quarter of its receipts containing both taxes and borrowing are consumed by salaries and pensions. As compared to its neighbor Himachal which has a per capita Net State Domestic Product of Rs 1.76 lakh which is twice of Kashmir that is Rs 94,000, the power sector of Kashmir is also poorly managed and not to forget the road density less than a fifth of Himachal’s.

All of these facts state to the main problem that there is someone who has managed to destroy the economy so much and looted the state. He has encompassed the government, the bureaucracy, and the business community too and this person may act as the coterie capitalist for the former.

Is Article 370 the culprit?

Of we think of this then we need to consider this aspect too that; Is the culprit article 370? But, if we look closely article 370 has nothing to do with the failing economy, the government jobs or anything of this sought. Before the announcement of not following the article 370 anymore by the Indian government the parliament of India were restricted to implement any constitution or law in the State of Jammu and Kashmir. The constitution and laws of India were only applicable to those areas which were listed in Instrument of Accession of 1947, and for other subjects their implementation required agreement from the State’s Constitutional Assembly and after that from State legislation and even after that modifications are made into them so that it looks perfect before the president. After that it is implemented.

It was such a Top-level order that inserted article 35-A into India’s Constitution and it prevented the courts from rejecting any law made by the government when it comes to defining a permanent resident of the state or concerning the permanent resident of the state or regarding the treatment to these residents in acquisition of the immovable property, jobs, scholarships and other forms of help that the government provides.

The state law that is protected by the Article 35A, doesn’t allow the selling of land to the non-permanent members of the state but it allows renting of the land from the government for industrial, non-profitable, non-political or commercial purposes.


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