J&K: India Inc's premature exuberance

Since investment demands political and social stability, the Centre needs to offer investors something beyond heavy troop concentration

India Inc is seeking to match the warp speed displayed by Narendra Modi and Amit Shah over developments in Jammu & Kashmir (J&K), with the Confederation of Indian Industry planning its first-ever investor summit in the state-turned-Union Territory this October. Irrational exuberance or misplaced optimism? Premature exuberance may describe it better. 

The big picture of business prospects in J&K, as presented by the industry lobby, certainly looks enticing: sans land and labour major constraints in the pre-Article 370 days, dealerships, food-processing units, small and medium manufacturing and expanded tourism will all transform a state that suffers chronic high unemployment and low