THE ECONOMIC POTENTIALS OF KASHMIR

THE ECONOMIC POTENTIALS OF KASHMIR

The economic potentials of Kashmir are such that within a decade or two of its re-unification and independence, it can become the most prosperous country of the region. Kashmir Valley is called the “Switzerland of Asia” and “Nature’s Show-window” for its fascinating natural beauty and climate most pleasant and full of health. Gilgit Baltistan in particular are famous the world-over for dozens of sky high-peaks including K-2 and Nanga Parbat. All this can invite millions of tourists every year providing it a lot of foreign exchange. Kashmir is very rich in water resources and can generate electricity on a large scale that is badly needed by its neighboring countries. Fruit, timber, minerals and herbs are found in abundance in different parts of the State. The handicrafts of Kashmir, famous the world-over, can prove a valuable asset. Watch making industry, already functioning in Srinagar on a small scale, can be developed. Prospects for heavy industry are also very bright. Skilled and un skilled manpower working abroad, over a million even now, can further strengthen its economy. The overall literacy rate in Kashmir is higher than that of both India and Pakistan.