Thanks to recent Indo-Pak hostilities and uncertainty over hearing of Article 35A in Supreme Court, Kashmir businesses do not see any hope coming out of prolonged slump. The economic condition of Kashmir may further deteriorate due to dwindling tourist footfall, traders say. While post 2014 flood Kashmir economy is in doldrums, the situation further deteriorated when the valley faced more than six months shutdown and restrictions in 2016 unrest. Since then the businesses have failed to keep pace with their counterparts across the country, traders say. The other factor which…
Read MoreBusiness slump continues, little hope for revival: Kashmir Inc
