The pillars of Jammu and Kashmir's economy are agriculture, industry, and services. Despite bottlenecks and uncertainties, the economy of Jammu and Kashmir has consistently grown at an average annual pace of 5-7 percent over a secular period. The solid human development parameters of this region have been better than many states in the nation over the past three decades of growing uncertainty. Comparing the recent past and the present reveals that economic growth has slowed down, presumably as a result of the uncertainty brought on by lockdowns, COVID-19, etc. this study is an attempt to analyse the progress trend of 3 major sectors economy at (constant 2011-12) Prices and at current prices as well as their contribution in GSDP of the Jammu and Kashmir. The study is fully based on secondary source of data. The findings of the study shows that there have been significant changes in the sectoral composition of state income. During the last 50 years, the primary sector's share has steadily decreased from 17.47% in 2011–12 to 16.05% in 2017–18 (advance estimates), the secondary sector's share has decreased from 28.09% to 27.88% in 2017–18 (advance estimates), while the services sector's share has increased from 54.44% to 56.07% in 2017–18 (advance estimates). And it was also analysed that in 2012-13 the GSDP of the J&k was estimated 19.11% at current price, which continuously shows a declining trend with a percentage of 14.90% in 2013-14, 11.86% in 2014-15, 11.35% in 2015-16, 9.73% in 2016-17, 6.55% in 2017-18, 6.18% in 2018-19, 3.46% in 2019-20 and 2.87% in 2020-21 respectively. On constant price (based 2011-12) the growth percentage also shows a declining trend from 2012-13 which was estimated 17.76%, followed by 9.16% in 2013-14, 6.37% in 2014-15, 3.21% in 2015-16 so on. During 2019-20 and 2020-21 the growth of GDSP was affected mostly because of political instability and covid-19 like situations.
Key words: Economic Sectors, Agriculture, Horticulture, Tourism, Transportation and Communication, GSDP, GDP.
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