Joshimath Economic Crisis Deepens as Tourism Plummets and Residents Flee After Land Subsidence

Local economy in Joshimath takes major hit as tourist numbers dwindle and residents move out after land subsidence crisis

Traders and hotel owners report 50-60% drops in revenue; construction industry affected by ban on all building activity

Over 1,000 residents have migrated from Joshimath, worsening fall in consumer spending

Locals oppose government plan to relocate them to site 90km away; want resettlement policy securing livelihoods

Rs 55 crore paid in compensation so far but no policy yet on compensating for land; residents living in cracked houses