From Heritage to Growth: How GST Boosts J&K’s Economy

The recent GST cuts from 12% to 5% in Jammu and Kashmir are set to enhance the competitiveness of various sectors including handicrafts, agriculture, and tourism. This reduction is expected to benefit heritage products like GI-tagged Pashmina shawls and Dogra cheese, making them more competitive in both domestic and global markets. The changes aim to stimulate demand, support local artisans, and preserve cultural identity while promoting economic growth in the region.

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