Economic losses in Kashmir have run well over a billion dollars since
India revoked its autonomy and statehood in August, the main trade body in the Himalayan region said, adding that it planned to sue the government for damages.
India turned its erstwhile state of Jammu and Kashmir into a federally-controlled territory, tightening control in a shock move it said would rein in militancy in the region also claimed by neighboring
Pakistan, and promote its development.
It estimated economic losses ran into least 100 billion rupees ($1.40 billion) by September, but now exceeded that, said Nasir Khan, its senior vice president.