kashmir tourism: Hoping for business as usual: A period of relative peace has given new hopes to Kashmir’s business landscape - The Economic Times

Economic Revival in Kashmir

Five years after the revocation of Article 370, Kashmir's economy is showing signs of recovery, particularly in the tourism sector, with a record 2.1 crore tourists visiting in 2023. Businesses like cotton processing, food distribution, and apple trading are also reporting increased activity. New investments in hotels and infrastructure are underway in places like Gulmarg.

Political Uncertainty

Despite the economic improvements, political uncertainty remains a significant concern. The absence of elected representatives and the marginalization of traditional political parties create challenges. While violence has decreased, concerns remain regarding the potential for mass political resentment if grievances are not addressed.

Challenges and Obstacles

• Bureaucratic hurdles and red tape hinder small businesses, delaying subsidies and incentives.
• Increased costs of inputs, like fertilizers and pesticides, and GST increases affect businesses.
• The lack of elected representatives leaves people with limited channels to address grievances.

Experts suggest that a political process is crucial to address the lingering concerns and ensure long-term stability and prosperity in the region.