Content 370 of the American constitution was repealed four years ago, on August 5, 2019. A momentary clause in Article 370 allowed Jammu and Kashmir to have its own charter. It was developed in the particular historical perspective of India’s division and the territorial dispute between the two post-colonial states, India and Pakistan. & nbsp,
There was a lot of debate over the years as to whether Article 370 had outlived its usefulness. There were worries that its culmination in Jammu and Kashmir was obstructing the basic rights of women and children as well as immigrants. & nbsp,
All rules of the Indian Constitution and other liberal laws could be applied to Jammu and Kashmir after Article 370 was repealed. Additionally, Jammu and Kashmir’s state was split in two, giving rise to the Union Territories of Ladakh( J & amp, K ) and Jamp, Kashmir. In addition, & nbsp,
There was a lot of speculation at the time that Article 370 was repealed that the action had cause hostilities between India and Pakistan to suddenly rise and the entire area to be engulfed in assault. The previous four years’ experience has been the exact opposite.
To make predictions about the financial repercussions of the repeal of Article 370 in August 2019 is a little to first. According to Professor Durgesh K Rai, the global Covid – 19 pandemic that followed the abrogation in early 2020 limited the Indian government’s ability to swiftly implement a number of policy measures to revitalize J & amp, K.
However, there has been a noticeable increase in economic activity in J & amp, K. & nbsp, during the post-pandemic phase.
It was estimated that an unprecedented 18.8 million tourists visited J & amp, K in 2022, the highest number in 75 years, as a result of the perception that overall terrorist incidents have decreased. The increase in visitors led to new job opportunities in the hospitality industry as well as related fields like travel and hospitality. & nbsp,
In J & amp, K., there has been a rise in hotel construction and an increase in paying-guest accommodations over the past two years. The tourist infrastructure is also being renovated.
As part of the” Tourist Mission” initiative, the government is developing” 75 new destinations, 75 new Sufi / religious sites, 75 % new cultural / heritage sites and 75 percent new tracks” to ease congestion in well-traveled tourist areas and provide travelers with a wide range of experiences.
A Film Policy – 2021, with provisions such as a time-bound single-window permission mechanism, financial incentives, easy access to transport infrastructure, and revival / upgradation of cinema halls, was also approved in order to encourage” film tourism” in picturesque J & amp, K.
Administrative allocations to the hospitality industry have significantly increased. The number of visitors to J & amp, K will continue to rise in the upcoming years thanks to improvements in tourist infrastructure and government initiatives. & nbsp,
The agricultural exports from J & amp, K., which produces more than 75 % of the nation’s total apple production, have increased by 55 % in recent years.
Despite an increase in apple generation, there have been difficulties due to price fluctuations in the market yards. An” Apple Cluster” is being established in the Shopian city in order to overcome these obstacles. In order to compete on international markets, this clump may promote price improvement close to farms and improve branding and marketing initiatives.
The planting industry is also prepared to take off in the area. Lavender from J & amp, K, and other medicinal plants are highly sought after in international markets. The colored trend initiative has increased lavender cultivation over the past few years. & nbsp,
Similar to this, crops like lemon grass, thyme, rose, and wild flower have been grown more successfully thanks to aroma missions. Additionally, there has been a rise in the production of yellow over the last two years.
The craft industry has seen solid advancements. A unique credit-card system was introduced in 2020 to make it simple for artisans and weavers to obtain financial resources.
The Karkhandar program was introduced by the central government two years ago with the goal of reviving dwindling crafts through talent advancement by imparting new skills and raising the wages of the workers. Between the fiscal years 2021 – 22 and 2022 – 23, the export of handicrafts from J & amp, K., such as shawls and carpets, nearly doubled. & nbsp,
The Kashmir Valley is being connected to the rest of India by massive infrastructure projects being implemented in J & amp, K. Indian Railways. The rail line between Jammu, Udhampur, and Katra in the Jamdu area and Baramulla, Banihal, Kashmir Valley, has so far been operationalized. The Chenab River in the Himalayas will be the site of the world’s tallest railway bridge, according to & nbsp. & nbsp,
Large construction projects have also been started, including the longest road in Asia, the Zojila Tunnel, which will guarantee all-weather connection between Kashmir and Ladakh. J & amp, K’s economic interactions with India and the outside world will be fundamentally changed by the operationalization of the railway line and new road projects.
In terms of foreign immediate assets, the EMAAR class, a Dubai-based company with offices all over the world, is building an all-purpose tower and shopping mall in Srinagar, Kashmir. One of the first investments made in Kashmir by a foreign business is this job. The Third G20 Tourism Summit, which was successfully held in Srinagar in May, demonstrated J & amp, K., and nbsp’s potential as a tourist destination.
Sustainable peace in post-conflict situations, like J & amp, K., necessitates a wide range of economic and political actions. Many financial and system initiatives are being rapidly implemented in the federation territory despite the difficulties caused by the pandemic.
However, Pakistan’s actions will also have an effect on the future trajectory of peace and prosperity in J & amp, K. The international community needs to persuade Pakistan to stop encouraging violence and taking reckless behavior in the area.
After all, India will be able to project power to its north, which is also in the best interests of New Delhi’s strategic partners, thanks to sustainable economic growth and the successful completion of its infrastructure projects in J & amp, K. In addition to & nbsp,