The Geopolitical and Economic Aftershocks: Analyzing the Pahalgam Attack and Operation Sindoor.

  The Geopolitical and Economic Aftershocks: Analyzing the Pahalgam Attack and Operation Sindoor.   Executive Summary This report presents a comprehensive analysis of the 2025 Pahalgam terrorist attack and India's subsequent military response, Operation Sindoor, with a primary focus on their profound economic implications. The Pahalgam attack, a deliberate targeting of civilians, particularly Hindu tourists, severely disrupted Jammu & Kashmir's burgeoning tourism sector and its interconnected economy, reversing a period of significant economic recovery. Operation Sindoor, India's calibrated retaliatory strikes, demonstrated a recalibrated deterrence posture, but also introduced cross-border economic disruptions and highlighted the inherent costs of such a strategy. The events underscore the fragile interplay between security and economic stability, particularly in conflict-prone regions, and the broader strategic calculus involving economic leverage in interstate ...