Suhail Khan
Srinagar, Jan 07: Beyond the political shifts that followed the abrogation of Article 370, the most visible change in Kashmir has been bustling markets alongside calm streets.
Once frequently disrupted by unrest, shutdowns, school closures, and clashes, the Kashmir Valley is now witnessing a surge in commercial activity. Educational institutions are operating without interruption, and marketplaces have remained consistently crowded over the past six years.
“Political changes may come and go, but for me, the real change is the constant rush in the market. Whether it translates to higher sales or not, the crowd is always there a sight often missing before Article 370,” said a shopkeeper at Lal Chowk, Srinagar, who spoke to Kashmir Convener on condition of anonymity.
He said, “Earlier, markets would shut down frequently. Any minor incident could lead to immediate closures. Since the abrogation of Article 370, however, such disruptions have ceased. While business growth is one aspect, the uninterrupted flow of customers itself marks a profound shift.”
Shabir Ahmad, an importer and dealer of Kashmiri dry fruits, told Kashmir Convener, “Since August 2019, Kashmir has undergone a massive transformation. Once known for conflict, the valley now reflects peace, national pride, and developmental momentum. As a businessman, my trade has remained unaffected for five years.”
“I can confidently say my business has doubled. Not a single day have my outlets across Kashmir been forced to close in the last six years. That, for me, is the clearest sign of change and success,” he said.
Ghulam Ali, an entrepreneur based in South Kashmir, stated that the valley once associated with stone-pelting and separatist sentiment has seen a steep decline in such activities, which has positively impacted the overall situation.
“From a commercial perspective, the change is undeniable. Businesses have faced no disruptions, markets have stayed open, and operating hours have even extended. In various parts of Kashmir, nightlife has emerged, with people shopping late, dining out, and spending time with families at cafes and restaurants,” Ali said.
He further added, “An ordinary person may not always engage with politics, but uninterrupted business has always been a priority. Thankfully, that change is now evident on the ground.”
In conversation with Kashmir Convener, several other business owners across Kashmir credited the improved situation for smoother operations.
They highlighted broader changes beyond commerce, stating that Kashmiri youth—once caught in the crossfire of conflict are now increasingly focused on education and skill development. Initiatives like Mission Youth aim to equip young people with resources for a brighter future, marking a shift from past disruptions toward quality education and global competitiveness.
Youth leader and social activist Touseef Raina told Kashmir Convener that such progress was once unimaginable. “We used to think development was a distant dream. Today, tunnels are being carved through mountains, and trains are reaching our doorsteps,” he said.
He said that Kashmir has witnessed substantial infrastructural development, including rail links integrating the valley with the rest of India. These projects not only spur economic growth but also symbolize Kashmir’s inclusion in the national mainstream.
Beyond Srinagar, towns once shadowed by curfews and shutdowns now bloom with business activity. Markets remain open, streets are filled with people, and the fear that once defined daily life has significantly receded. The transition from a conflict zone to peace and progress is increasingly reflected in the lived experience of its residents.
Notably, according to the Economic Survey Report for the year 2024–25, the nominal Gross State Domestic Product of Jammu and Kashmir is expected to rise by 11.19% in 2024–25. The nominal GSDP is projected to reach ₹2.65 lakh crore, while the real GSDP is projected at ₹1.45 lakh crore, highlighting a compound annual growth rate of 4.89% from 2011–12 to 2019–20.
The per capita income is also estimated to rise by 10.6% to ₹1,54,703, signaling improved economic well-being for residents. Various sectors have contributed significantly, with the primary sector at 20%, the secondary sector at 18.3%, and the tertiary sector contributing 61.7% to the state’s GDP.
The Jammu and Kashmir Government has received over 8,500 applications with investment proposals worth ₹1.69 lakh crore and employment proposals for over 6 lakh jobs, aiming to attract investment and generate employment in the Union Territory.
Furthermore, 213 non-locals and 1,751 locals have been allotted land for industrial purposes under the Industrial Policy 2016–26 and the Industrial Land Allotment Policy 2021-30, promoting the economic growth of Jammu and Kashmir through both internal and external investments.
Meanwhile, after a difficult season for tourism in 2025 following the deadliest Pahalgam attack, positive signs and revived hopes for this backbone industry are paving the way for a robust start to 2026.
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