Aftermath of conflict continues to cast long shadow on economic and social life
Vikram Sharma
JAMMU: The market and customer-business relationship in Jammu has not yet returned to its pre-Indo-Pak conflict vibrancy. The aftermath of the conflict continues to cast a long shadow on the region’s economic and social life.
Despite a ceasefire agreement, intermittent violations by Pakistan have kept tensions high, leading to uncertainty and a sharp decline in commercial activity.
Markets are witnessing historically low activity. A significant number of shops and commercial establishments are shutting down as early as dusk, fearing potential disturbances. Even in relatively secure zones like Raghunath Bazaar and Gole Market, foot traffic has reduced drastically.
The usual evening hustle of customers and vendors has now given way to deserted lanes and closed shutters, painting a bleak economic picture.
One of the key reasons for this slump is the fear psychosis that persists among both consumers and business owners. The morale of traders’ remains low with many hesitant to keep their businesses open for extended hours. Shoppers, too, are reluctant to step out unless absolutely necessary, resulting in reduced purchases even of essential goods.
The hospitality and transport sectors, both heavily reliant on tourism, have been badly hit. With restricted movement, tourist inflow has declined sharply, dealing a blow to local businesses dependent on this influx. The psychological impact of conflict has made consumers cautious, leading to a sharp fall in discretionary spending.
Adding to the slump is the closure of educational institutions. Though the administration has ordered the reopening of schools in Jammu city and nearby areas, many parents are still wary of sending their children back, especially in areas bordering the International Border and Line of Control.
This has disrupted daily routines and significantly reduced vehicular movement, contributing to a sense of stagnation across the city.
Supply chains have also been disrupted due to logistical challenges and security restrictions. Perishable goods are going to waste, and small traders are incurring heavy losses. With diminished consumer confidence, halted investments, and declining trade activity, Jammu continues to experience a marked economic downturn. Until stability returns, the markets are unlikely to regain their former momentum.
