Kashmir incurred Rs 45000 Cr loss due to successive lockdowns: Kashmir Trade Alliance

Successive lockdowns in the past one year have dented Kashmir’s economy by over Rs 45,000 crore as per the report released by a Valley-based traders’ body. Business establishments remained shut for months after the abrogation of Article 370 on August 5 last year and just when economic activities started picking up early this year, the lockdown due to Covid-19 pandemic wrecked the businesses. “Since August 5, 2019, the business community has suffered a total loss of Rs 45,000 crore. A loss of Rs 21,320.64 crore was incurred as a result…

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