Kashmir's Eid al-Adha rush fizzles as inflation, West Asia jitters mute Srinagar markets
Srinagar traders report a sharp slowdown in Eid al-Adha shopping across garments, footwear and livestock, with the All-Kashmir Mutton Dealers Union flagging a near 50% drop in sacrificial animal sales versus last year. The Kashmir Economic Alliance blames inflation and West Asia tensions for thinning footfalls ahead of the May 28 festival.
What happened
Kashmir Economic Alliance · Eid al-Adha shopping in Kashmir Valley is muted as inflation and West Asia tensions weigh on demand. Garment, footwear and livestock
Key facts
- 50% decline in sacrificial animals
- Eid on May 28
Why this matters
Distressed festive cycle in Srinagar may surface acquisition or partnership openings among smaller regional retailers and livestock supply chains squeezed by a 50% sales contraction and thin working capital.