The J & K administration has recently released the figures about the financial growth and has talked about the remarkable achievements.
Reflecting the financial discipline, the official data says that in 2018-19, Rs 67,000 crore was spent on the execution of 9229 developmental works while in 2020-21, 21943 projects were completed by spending Rs 63,000 crore only. The work done was more than double while the cost incurred was Rs 4000 crore less.
In the financial year of 2021-22 , there has been 30 percent less expenditure as compared to earlier while works completed were five times more, statistics of the Finance department reveal.
The Jammu and Kashmir administration has attracted investments worth Rs 33,000 crore in the industries and service sector in the last year, which is double the investment of Rs 15,000 crore made since 1947.
The administration is expecting a possible investment of Rs 75,000 crore by the end of the calendar year 2022, which officials said is five times the investment that happened in the region in the last 75 years.
Lieutenant Governor Manoj Sinha said that Jammu and Kashmir has witnessed financial transparency after major changes were brought in.
He added that even when the entire country including the Union Territory was hit by a pandemic and Goods and Services Tax (GST) of many States recorded a decline, it went up by 26 percent in J&K.