Jammu: Renowned Social Political Activist Sardar Tajinder Singh said that the impact on livelihoods is only one aspect of the economic impact of the lockdown. The lockdown restrictions further damaged an economy that was already slowing down prior to the pandemic. He asserted that an “environment of fear” is prevailing here with people suffering due to a “Covid19 disaster”. He said all sections of society in Jammu and Kashmir have been affected already as business has come down to “zero”. Darbar move practice was scrapped and it has badly hit the economy of Jammu, unemployment has increased and the tourism sector is facing a huge setback.
“Apart from those who lived hand to mouth like daily-wage labourers, small-time traders and transporters, traditional handicrafts, horticulture and tourism businesses suffered enormously. It has already resulted in a loss of tens of thousands of jobs and forced borrowers to default on their loans taken from financial institutions. While a substantial number of accounts turned bankrupt, many business establishments closed down,” Tajinder added.
Tajinder said that the economy, both in Jammu and Kashmir regions, is in shambles, it has impacted day to day lives due to covid19. Now after new lockdown orders there is growing anxiety, growing distress in business community,particularly among the youth that their share of jobs will go away as business is already shattered and this new lockdown will more down the economy.
Comments are closed.