Abrogation of Article 370 & Coronavirus lockdown cost Kashmir Rs 45000 Cr business losses

Abrogation of Article 370 & Coronavirus lockdown cost Kashmir Rs 45000 Cr business losses

Kashmir economy has borne the brunt of three back-to-back lockdowns since the abrogation of article 370 in August 2019 resulting in the loss of a whopping Rs 45000 Crore. The month-long lockdown from April 230 to May 30 this year has registered a loss of Rs 5000 crore alone, reveal figures worked out by the trade bodies of Valley. According to the Kashmir Chamber and Commerce Industries president Sheikh Ashiq Hussain, Kashmir economy suffered a loss of around Rs 17,878 crore in first four months of restrictions and shutdown in…

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