Summary:
JAMMU: Jammu and Kashmir suffered losses to the tune of over Rs 16,000 crore during the five-month long unrest in the Kashmir Valley due to complete halt of economic activity coupled with loss of property worth crores of rupees.
"It has reduced domestic investment and savings, redirected public expenditure to security-related expenditure and reduced tourist inflow, tourism receipts and demand for transportation," it said.
"Losses caused due to the unrest from July 8 to November 30, 2016 are estimated at more than Rs 16,000 crore," Economic Survey 2016 report tabled by Minister for Finance Haseeb Drabu in the Jammu and Kashmir Assembly today stated.
"The scraping of internet services, mobile and phone services for long spells during the turmoil made communication in the state very difficult.
Hartals, bandhs, stone pelting, curfews and restrictions immobilised life in all the 10 districts of the Valley," it said.
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JAMMU: Jammu and Kashmir suffered losses to the tune of over Rs 16,000 crore during the five-month long unrest in the Kashmir Valley due to complete halt of economic activity coupled with loss of property worth crores of rupees.
"Losses caused due to the unrest from July 8 to November 30, 2016 are estimated at more than Rs 16,000 crore," Economic Survey 2016 report tabled by Minister for Finance Haseeb Drabu in the Jammu and Kashmir Assembly today stated.
Chapter "Economies of Uncertainty and Conflict" of the report said that in 2016, the civil strife caused tremendous miseries, loss of life, complete halt of economic activity in the Valley coupled with loss of property worth crores of rupees.
"The scraping of internet services, mobile and phone services for long spells during the turmoil made communication in the state very difficult.
Hartals, bandhs, stone pelting, curfews and restrictions immobilised life in all the 10 districts of the Valley," it said.
The medical services were badly affected.