Chinar Economic Forum

Economics | Policy | Development | Finance,
A platform for ideas, research & public discourse
Run by @srather49475
#kashur #thinktank #CEF

[Chinar Economic Forum @ChinarForum]

📌 Open Invitation by @chinarforum
A platform for sharing ideas and discussing economics and finance in depth.
Join us in exchanging knowledge, challenging myths,
From understanding the economy of J&k to exploring India’s broader economic landscape
(Everyone is welcome.) +++

[Chinar Economic Forum @ChinarForum]

We can't hide the facts. Jammu contributes more to J&K's own tax revenue because of its industrial base. Although industry has a smaller share of GSDP than the services sector, it contributes significantly more to the state's own tax revenue than tourism alone...

[Chinar Economic Forum @ChinarForum]

While there's an ongoing debate over which sector contributes more to J&K's own revenue receipts agriculture or tourism,let's settle it with facts and data.

A thread 🧵
#CEF

[Chinar Economic Forum @ChinarForum]

On the other hand, manufacturing and tourism (part of the services sector) are major sources of the state's own tax revenue.

Hotels, restaurants, cafés, tour & travel operators, and many other businesses generate SGST and other state revenues.
+++

[Chinar Economic Forum @ChinarForum]

Now ask yourself: a sector employing nearly 70% of the population and contributing 20% to J&K's GSDP,where does it contribute to the state's own tax revenue?
Where they pay GST or income tax ?
Agriculture's direct contribution to J&K's own tax revenue is minimal.
Almost 0 ++

[Chinar Economic Forum @ChinarForum]

Now, let's look at the state's own non-tax revenue. This is income that doesn't come from taxes. It mainly includes electricity and water charges, rents, fees, royalties, penalties, and other government receipts.

State's own non-tax revenue: ₹11,100 crore B.E

[Chinar Economic Forum @ChinarForum]

Now let's talk about J&K's own tax revenue,in simple words, the state's own income.

- State GST: ₹13,000 crore B.E
- Sales Tax/VAT: ₹2,100 crore B.E
- Stamp Duty & RF: ₹1,100 crore B.E
- State Excise: ₹3,000 crore B.E

Source: Budget document 2026 to 25

[Chinar Economic Forum @ChinarForum]

Agriculture is the backbone of our economy. It provides employment to nearly 70% of the population and contributes about 20% to J&K's GSDP,roughly ₹63,164 crore.

In comparison, the manufacturing sector contributes 19%, while the services sector contributes 61% of the GSDP. +++

[Chinar Economic Forum @ChinarForum]

There are 195 countries in the world.
Some of the common problems
• Unemployment
• Inflation
• Public debt
• Currency depreciation
• Income inequality
• Poverty
Different countries have different solutions, but these challenges remain common across the world.
#CEF

[Chinar Economic Forum @ChinarForum]

Share your ideas, questions, or anything related to economics and finance via:
[email protected]
Students of economics and commerce are especially welcome.
Let’s build a stronger socio-economic society together.
#chinar #thinktank

[Chinar Economic Forum @ChinarForum]

📌 Open Invitation by @chinarforum
A platform for sharing ideas and discussing economics and finance in depth.
Join us in exchanging knowledge, challenging myths,
From understanding the economy of J&k to exploring India’s broader economic landscape
(Everyone is welcome.) +++