Indian Kashmir sees more than $2.4 billion losses since lockdown - group

FILE PHOTO: A man sleeps next to parked "Shikaras" or boats on the banks of Dal Lake in Srinagar, October 30, 2019. REUTERS/Danish Ismail

SRINAGAR, India (Reuters) - A lockdown in Indian-administered Kashmir has cost its economy more than $2.4 billion since the government stripped it of its special status, officials of the Himalayan region's main trade organisation said on Wednesday.

"In the last 120 days we have witnessed how each and every sector has bled ... we fear this crisis will further intensify in 2020," Sheikh Ashiq Ahmed, president of the Kashmir Chamber of Commerce and Industry (KCCI), told Reuters.