Economy
Tourism is one of the main sources of income for vast sections of the Kashmiri population. Kashmir Valley‘s economy is centred around tourism and agriculture. Traditionally the staple crop of the valley is rice, it forms the chief food of the people. In addition, Indian corn, wheat, barley and oats are also grown. Given its temperate climate, it is suited for crops like asparagus, artichoke, seakale, broad beans, scarlet runners, beetroot, cauliflower and cabbage. Fruit trees are common in the valley, and the cultivated orchards yield pears, apples, peaches, and cherries. The chief trees are deodar, firs and pines, chenar or plane, maple, birch and walnut, apple and cherry.
Historically, Kashmir became known worldwide when Cashmere wool was exported to other regions and nations (exports have ceased due to decreased abundance of the cashmere goat and increased competition from China). Kashmiris are well adept at knitting and making Pashmina shawls, silk carpets, rugs, kurtas, and pottery. Saffron, too, is grown in Kashmir. Efforts are on to export the naturally grown fruits and vegetables as organic foods mainly to the Middle East. Srinagar is known for its silver-work, papier mache, wood-carving, and the weaving of silk.
The economy was badly damaged by the 2005 Kashmir earthquake which, as of October 8, 2005, resulted around 1,500 deaths in Kashmir Valley.
Kashmir Valley is believed to have potentially rich rocks containing hydrocarbon reserves.
Read more about this topic: Kashmir Valley
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)