Srinagar, Aug. 4 -- The current uncertain situation in Kashmir caused by troops build up and the government directions asking the pilgrims and tourists to leave Kashmir shall have a long-term impact on the economy of state, warn experts.
"Kashmir being a dependent economy, with imports far exceeding its exports, the current suspicious situation has forced the people to prepare themselves for a long spell of insecurity. An invisible disruptive element has set in the economic system which shall have dangerous socio-politico and economic results," said Prof G M Bhat, Head, Department of Economics, Central University of Kashmir.
The consumerist and dependent status of the economy of the state is born by the fact that it imported goods worth R...