Kashmir is suffering losses of about Rs 135 crore daily while the state government has suffered revenue losses close to Rs 300 crore in the past one-and-a-half months, according to local traders
Srinagar: The ongoing unrest in Kashmir has led to a whopping Rs 6,400-crore loss to the economy of the Valley, with businesses being badly hit due to curfew and separatist sponsored strikes.
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Shops, business establishments, private offices and petrol pumps have been shut as the separatists groups have called for a complete strike to protest the civilian deaths in the violence after Wani’s killing. Pic/PTI
Tourist and other business activities in Kashmir have come to a halt for the past 49 days after protests erupted in Kashmir following the killing of Burhan Wani on July 8. Shops, business establishments, private offices and petrol pumps have been shut as the separatists groups have called for a complete strike to protest the civilian deaths in the violence after Wani’s killing.
“Kashmir is suffering losses of about Rs 135 crore daily. This estimates to over Rs 6,400 crore so far,” Mohammad Yaseen Khan, president Kashmir Traders and Manufacturers Federation, said. Khan, however, said these figures were based on the daily business six months ago. The state government has suffered revenue losses close to R300 crore in the past one-and-a-half months.
Similarly, tourism has also come to a standstill. “People are turning away from Kashmir due to the unrest,” a tourism player said. An official of the Tourism Department said, “What can we do? The department is helpless. We cannot go outside the state and ask people to visit the Valley. How can we even expect people to visit the Valley when the situation is such.”
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