Srinagar, May 2 -- Very few terror attacks in recent memory have impacted Jammu and Kashmir's economic and investment prospects as much as the April 22 shooting rampage. Besides plummeting investor confidence that will lead to reconsideration and delays of plans and projects, ongoing projects will be affected, critically hampering job creation and resulting in an economic slowdown affecting livelihoods and growth prospects.
The brutal terror attack on tourists in Pahalgam's Baisaran valley has taken a big toll on the Union territory's mainstay tourism sector, which has crossed over Rs 1,000 crore ($120 million) in just two weeks. And, things do not look good either in the near future. Amid the peak April-June tourist season, more than 10 l...