New Delhi, June 26 -- Fewer new companies were registered in the border states of Rajasthan, Punjab, Himachal Pradesh, Gujarat, and the Union Territory of Jammu and Kashmir in May, compared to the steady rise seen since the beginning of the year, data from the ministry of corporate affairs showed.

Tensions were high along the Line of Control in the first half of May, when India launched Operation Sindoor against Pakistan-based terror groups in response to the Pahalgam terror attack. Armed militants killed 26 people in Kashmir on 22 April. The Operation Sindoor lasted four days before the ceasefire on 10 May.

Experts, however, believe the drop in new company registrations would be a temporary blip.

Jammu and Kashmir saw 117 company regi...