As The Unrest In Valley Continues, The Economy Suffer Rs 6400 Crore Loss

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3:21 pm 26 Aug, 2016

The ongoing unrest in Kashmir has led to whopping Rs 6,400-crore loss to the economy of the Valley.

“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 (KTMF), said.

The business and tourist activities have come to halt for the past 49 days after protests erupted in following the killing of Hizbul Mujahideen commander Burhan Wani.

Shops, business establishments, private offices and petrol pumps have been shut as the separatist’s groups have called for a complete strike.

They are protesting the civilian deaths in the violence after Wani’s killing. “People are turning away from Kashmir due to the unrest,” a tourism player said in Srinagar.



Officials of the tourism department say they are helpless.

“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,” the official told PTI.

The clashes between protesters and security forces left 66 death and thousands of others injured.


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