The Kashmiri economy

…can take off given half a chance

“Anything can happen anywhere, even here in our labs,” said Umar Manzoor, a director at Magnum, located at Rangreth, an industrial centre outside Srinagar. “We have come to the conclusion that amid bomb explosions, fire fights and suicide attacks, the show must go on,” he said. [Reuters]

Ever since the insurgency began in Kashmir fifteen years ago, its economy has been on a life-support system paid for by Indian taxpayers. In recent months though, new investments have been made both in traditional sectors like tourism and handicrafts but also in new sectors like IT and Outsourcing (via Varnam). This is what the Kashmiri economy needs, but also what the terrorists seek to thwart.