TIL Desk/Business/New Delhi/ With the restoration of Internet in the 10 districts of the Kashmir region from January 19, the region’s economy is back in focus. A Preliminary Economic Loss Assessment Report released by the region’s apex business unit, the Kashmir Chamber of Commerce and Industry has estimated the economic loss at Rs 17,800 crore or more than $2 billion between August 5, 2019 and December 3, 2019.
While the travel and tourism and manufacturing of handicrafts sectors have contributed the maximum to this loss, other sectors affected by the Internet shutdown, security clampdown and arrests of Kashmiris include the agriculture, horticulture, real estate and construction sectors among others.
“Four lakh people in the 10 districts of Kashmir were jobless during the time there was a ban on the Internet, the clampdown and arrests,” says Sheikh Ashiq Ahmad, president, Kashmir Chamber of Commerce and Industry, the apex business organisation in the valley.
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