The Kashmir region is facing economic recession due to the drastic decline in the industrial and trade turnover. According to officials, as per the data received for preparation of quick estimates of gross domestic product (GDP) for 2014-15, there is a decline in comparison to the projected GDP growth. In the year 2013-14 state’s GDP at current prices was Rs 87319 crores. Also the industrial turnover has witnessed a near 30 percent decline while trade turnover has seen a drop of near 60 percent. The industrial production has come down…
Read MoreKashmir faces recession as sales turnover declines
