FCIK Praises Budget, Calls It Blueprint for Resilient J&K Economy

The Federation of Chambers of Industries Kashmir (FCIK) has hailed the 2026-27 Budget presented by Chief Minister Omar Abdullah as a visionary and reform-driven blueprint, poised to transform Jammu and Kashmir into a modern, progressive, and economically vibrant region-anchored in resilience and propelled by hope.

- Observer News Service

FCIK appreciated the Chief Minister's resolve that the soul of Jammu and Kashmir has been forged through testing times, with a government committed to turning obstacles into stepping stones and aspirations into achievements.

The Federation sees this spirit reflected in the Budget's focus on economic revival, inclusive growth, and participatory governance, and welcomed the commitment to building a business-friendly ecosystem that fosters innovation and attracts investment.

FCIK noted the strong macroeconomic outlook outlined in the Budget, with GSDP projected at 2,88,422 crore for 2025-26 at 11 percent growth, and sectoral composition of Primary 20%, Secondary 18%, and Tertiary 62%, underscoring the need for production-oriented growth alongside services for balanced and sustainable development.