Draft Annual Plan 1990-91 and Framework for Eight Plan Jammu and Kashmir

Abstract

Against the approved outlay of Rs 1,400.00 crores for the Seventh Five Year Plan (1985-90), the expenditure during the first four years ending March, 1989 is of the order of Rs. 1,462.91 crores. An outlay of Rs. 520.00 crores plus an additionality of Rs. 30.00 crores aggregating to Rs. 550.00 crores was approved for 1989-90 against which an expenditure of Rs. 504.93 crores is anticipated. The total expenditure during the Seventh Plan in thus anticipated at Rs. 1,967.84 crores. An average growth rate of 4.5% per annum at 1970-71 prices was visualised for the States’ economy during the Seventh Five Year Plan. The Net States Domestic Product at 1980-81 prices has gone up from Rs. 1,140.68 crores in 1984-85 to Rs. 1,249.10 crores in 1986-87 giving a simple growth of 4.76% per annum.