Post 2016 Unrest, Business slump continues in Kashmir

Prevailing uncertain situation coupled with cascading shift in economic policy – such as demonetization and implementation of GST – at the central government level has robbed Kashmir of yet another peak business season. While expressing concern over a continuing slump in business, Kashmir-based industry and trade leaders are now pinning all their hopes on a bumper apple harvest this year, which they believe will provide some succor to the state economy if the market for this cash crop remains good. Kashmir exports apples and other fruits worth Rs 5,000 crore…

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