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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 ....
In order to address the issues of fruit growers of the district, the Deputy Commissioner (DC) Bandipora, Dr Owais Ahmad, on Wednesday held an important meeting with all stakeholders, informed Information Department in a statement. ....