Impact of lockdown on Kashmir Economy

Impact of lockdown on Kashmir Economy

What is Economy?
The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account.Economy is an area of production distribution and trade, as well as consumption of goods and services by different agents. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service. Economic activity is spurred by production which uses natural resources, labor and capital.. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, and natural resources.

Now How lockdown impact on Kashmir Economy?
As you all know most of the time the situation of Kashmir is not good. Like before couple of months when Article370 abrogated almost seven months had lockdown in Kashmir. Now imagine how much people loss. And effect on economy. Internet is also snapped when when Prime Minister Article370 abrogated. There is a long strikes , blocking of phones and snapped the Internet. And ‘’This was the first time in Kashmir’s history that tourists and pilgrims were asked to leave,” Almost seven months had curfew. Everything got finished.The continued internet shutdown has severely affected businesses and resulted in unemployment, mostly in the export busines The companies businesses, educational administration got loss and obviously it effected on our economy. Due of prolonged shutdowns and snapped of Internet there is a huge loss of Kashmir Economy. Many businessmen export their business but due to snapped of internet it can made huge loss on Kashmir Economy. The impact of lockdown effect huge on Kashmir Economy. Some businessmen’s shut their business because of their huge loss they suffered due to lockdown and snapped of Internet.
Similarly, the hotel business in Kashmir has also been affected due to a lack of touristic activities in the region. All our Kashmir is restricted and no one tourists was allowed here. So it effected on our economy. The restrictions is not new for Kashmir. Kashmir’s people have also seen it before and there is always when governments heard they suffered a lot. That’s why it the economy of Kashmir is down. Kashmiri businessmen, especially restaurant owners, tour and travel operators, young entrepreneurs and information technology professionals, are facing a difficult time.
The tourism industry, which is considered the region’s economic backbone, has remained stagnant since August.If they were heard something wrong, they close the net first. It effects our economy. The economy of Kashmir is falling behind day by day.
Now the coronation (COVID-19 ) government first said the lockdown till April13 but the cases are increasing day by day. The situation gets worse. Everything is closed . The government took the good decision to lockdown whole India. In other countries like Italy, china , southkorea first they take it lightly that’s why there situation got worse and thousands of people died. Now government extended the lockdown till May3 and it is depend on situation and how much people follow. And we don’t know how much time it COVID-19 take. Every common people suffer and it effect the Kashmir Economy. Now this is a situation at this time that no one can do anything. We have to only follow preventive measures and now we give up on Allah .
Nothing is permanent in this world.
This tough time is temporary and it will fade away and we will be followed by happiness and prosperity.And have faith on Allah.


Leave a Reply

Your email address will not be published. Required fields are marked *


Cyber frauds in Kashmir

The need of the hour for everyone living in the Kashmir valley is to be ever so cautious about rising cyber frauds. According to the cyber police advisory, “Verify the product posted in OLX portal physically, before transferring any amount to the seller; Do not believe the ID cards sent by these fraudsters on the […]