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 on Tuesday 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.
Lack of primary treatment resulted in death of some of the patients, it said, adding that security-related expenditure is over and above the losses caused due to the 2016 unrest.
On the issue of macro-economics costs, it said the conflict has reduced per capita GDP growth, FDI inflow, exports and trade flow in the state.
Oppn stages walkout from J&K Assembly over Kathua incident
Opposition on Tuesday staged a walkout from the Jammu and Kashmir Assembly after protests and uproarious scenes over clash between people belonging to two communities in Kathua district of the state.
Demanding an assurance and statement from the government, opposition members of NC, Congress, CPI (M) and Kashmir-based legislators trooped near the well and resorted to anti-government slogans for its “failure” in ensuring peace and security. Amid sloganeering, protest and noisy scenes, NC MLC Mian Altaf said that the government has “failed” to protect Gujjars who have been “targeted” by locals.