Kashmir’s Gone Halcyon Days

From self-sufficiency to dependency Daanish Bin Nabi Till 1953, Kashmir was self-sufficient and did not import anything apart from salt, tea and clothing. However, the political coup and the subsequent arrest of Prime Minister Sheikh Mohammad Abdullah on August 8, 1953 changed the political as well as economic course of Kashmir. In 1947, the import-export ratio of Kashmir’s trade was 1:3, indicating that Kashmir had a surplus trade. But 68 years down the line this ratio has taken a u-turn. Today the trade ratio of import-export of Kashmiri goods stands at 7:1. Kashmir now import goods of worth more than Rs 40,000 crore a year and only export goods worth Rs 7000 crore. There is a deficit of Rs 33,000 crore, which increases every year. Import and Export of Goods In 1951, a devastating draught hit Kashmir and there was dearth of rice. At that time, council of minster of then Prime Minster Sheikh Mohammad Abdullah suggested that Kashmir should import food grai...