Srinagar, Dec. 3 -- The Union Territory of Ladakh is seeing a favorable change towards sustainable development as a result of the GST reforms that were implemented on September 22 and reduced tax rates on a wide range of goods and services. Local small businesses, farmers, and artisans are welcoming these developments because they see them as a driving force behind equitable and sustainable economic growth that is gradually changing the economic landscape of the area.

The economy of the strategically located Union Territory remains deeply rooted in its unique topology, geography, and traditional craftsmanship. Ladakh's rich cultural heritage continues to play a defining role in shaping and sustaining its economic landscape.

From high-qu...