New Delhi — Prime Minister Narendra Modi says his move to revoke Kashmir’s autonomy is about boosting its economy. But observers say it will take more than rhetoric to bring in investments and ensure jobs in the territory that’s lost more than 42,000 lives to conflict over the last three decades.

The state’s economy, dependent mostly on farming, handicrafts and tourism, may take years to recover from Modi’s sudden decision to scrap autonomy, with the cycle of peoples’ protests and the state’s moves to curb them expected to remain the main focus...

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