National Conference President Dr Farooq Abdullah Friday said that his party has been the hallmark of development and prosperity in the State and it would continue to steer J&K towards economic growth and progress.
As per a party statement speaking to party workers at Nawa-e-Subah Complex in Srinagar, Farooq Abdullah said that NC has rendered its services to the common masses through the ups and downs of history and has never absolved itself of the role of being the bulwark that protects the political, social, cultural and economic interests of the State of Jammu and Kashmir.
Farooq said that the Omar Abdullah led government had made huge strides in areas of infrastructural development and economic growth in the last five and a half years, in line with NC’s glorious, unquestionable track-record of working relentlessly for the interests of the common-man.
Stating that while the growth rate of the economy at the national level had declined to 5 percent in the past, the growth rate of J&K’s economy had crossed 7 percent during the same time, Dr. Farooq Abdullah said that industries, commerce, health-infrastructure and education sector had seen remarkable growth during the last five and a half years. The Gross State Domestic Product (GSDP) of J&K rose continuously during the last five and a half years. Farooq said that the GSDP at constant prices has increased from Rs. 34,664 crore in 2008-2009 to Rs. 42,878 crore in 2012-2013 representing a growth of 23 percent and indicating a strong resurgence of the State’s economy. At Current Prices, the GSDP has risen from Rs. 42,315 crore in 2008-09 to Rs. 75,574 crore in 2012-13.