By M I Jehangir
SRINAGAR: Jul 30: Jammu and Kashmir is reaping the dividends of peace with strong indicators suggesting that the Union Territory’s economy is getting back on track after multiple setbacks, including Pahalgam terror attack, said Jammu and Kashmir Bank Managing Director and Chief Executive Officer Amitava Chatterjee.
Chatterjee said while traffic jams at tourist spots were an indicator of the economy rebounding, the rebound was reflected in the bank’s Q1 results which were declared on Wednesday.
“I am really glad that traffic and tourism are back. And that is visible in our books’ numbers also. The growth in our retail business in the first quarter last year was around Rs 700 crore. This year, it is Rs 1,400 crore, just double. ( PTI )
