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Kashmir sees over $2.4 billion losses since Article 370 was amended

Tourism, for decades a mainstay of the scenic region's economy, has been badly hit

Article 370 | Article 35A | Kashmir issue

Reuters  |  Srinagar 

A lockdown in Kashmir has cost its economy more than $2.4 billion since the government stripped it of its special status, officials of the Himalayan region's main trade organisation said on Wednesday. "In the last 120 days we have witnessed how each and every sector has bled ... we fear this crisis will further intensify in 2020," Sheikh Ashiq Ahmed, president of the Kashmir Chamber of Commerce and Industry (KCCI), told Reuters. The government in August revoked the constitutional autonomy of Jammu and Kashmir, India's only Muslim-majority state, splitting it into ...

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First Published: Wed, December 18 2019. 15:02 IST