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During Ramzan, Muslims globally engage in fasting, prayer, and benevolence, marking a profound spiritual journey. Yet, beyond its religious essence, Ramzan catalyzes societal and economic shifts. Productivity decreases by 35-50% due to shortened working hours and focus limitations. The month also witnesses a commercial surge, with increased demand for commodities, reflecting higher consumer spending.In Kashmir, Ramzan significantly impacts the local economy. Food consumption rises, especially during Iftaar, leading to a surge in food expenditure. Fruit and date demand spikes, with over 30-70% increases, fueling substantial trade. Charity flourishes, as Zakat al-Fitr obligations bolster the local economy by circulating funds. However, inflationary pressures arise from amplified demand, triggering increased prices. Reduced working hours during Ramzan disrupt market operations, impacting productivity and GDP. While Ramzan uplifts subjective well-being, it correlates with lower GDP due to
DalgateJammu-and-kashmirIndiaGanderbalKashmirKashmir-valleyJammuAdil-majeedMasood-hussainIslam-farooqiHumaira-nabiMudasir-rashidThe report discusses the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project, set to introduce the first train to Kashmir in 2024. The 272-km project, initiated over 175 years after the Treaty of Amritsar, is both strategically and historically significant, featuring impressive engineering marvels like the world's tallest railway bridge over the Chenab River. The USBRL project is expected to have a transformative impact on Kashmir's economy by reducing transportation costs, making local products more affordable, and fostering growth in various sectors. While concerns are raised about potential disruptions to local industries, the report suggests that improved connectivity may lead to increased employment opportunities and attract professionals to the region. Environmental activists express concerns about the ecological impact of the railway construction, emphasizing the need for sustainable measures to minimize disturbances. The report also highlights the strategic importan
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