JK economy faces Rs 6500 crore loss

Amidst the wave of strikes and disputes in Jammu and Kashmir it has cost the state Rs 6,500 crore till date this year, apart from it the per day shutdown and curfew may refute the administration Rs 161 crore in earnings.

The resurgent tourism sector may close down due to the hushed target of pro-autonomy group actions in the state, as the tourist entrance dipping down stridently in the previous few weeks.

The Kashmir Valley was active with travelers and hotel rooms were put up for sale till August seven.

However the state economy is driven by agriculture and animal husbandry, a bang has be taken by the travel industry and is sure to work as a draw on linked sectors such as handicrafts, handloom and transport.

Further the official's feels that an approximated 15 to 20 lakhs travelers were predictable to turn up in Srinagar this year and tourist incoming - domestic and foreign - stroked six lakhs in the first six months.

Moreover, the prospect is altogether diverse at present and tourism seems to have been modified as the first fatality.