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Though Kashmir with India or Pakistan is always a debatable topic but Independent Kashmir is the worst suggestion ever. Kashmir can never be a truly Independent & prosperous country when four Giants - China, Former USSR, India & Pakistan will be it's neighbors, look at Nepal & Bhutan for eg., these two countries are finding them pissed-up by being crushed b/w two Asian Giants - China & India. Thus, it will certainly become a client state of either of the 4 countries or all 4 will have there respective zones of influence.

Well you could have joint pak-ind control of Kashmir.

1The govt of JK sends members to sit in both pak-ind national govts thus remaining a part of both while being a "semi independent" country.
2.Rotate the presidency of kashmir between the pak-ind presidents.
3.All three flags are flown on all govt buildings.
4 The pak-ind rupee are used in kashmir


+ Majority of revenue of Kashmir comes from tourists which travel there from India & Pakistan, there revenue will certainly decrease if now the people from these two countries will have to take VISA for it.

1.There should be total free movement of goods and people between pak-ind-kash.
2.With peace the tourist industry would grow very quickly with kashmir being opened up not just to pakistan and india but to the chinese and the west.
3 There are enough natural resources with the dams making electricity and the mineral wealth on top of tourism for kashmir to survive.

+ Majority of Infrastructure projects in Kashmir are funded by India & Pakistan as Kashmir's revenue itself is insufficient to fulfill this basic requirement.

At the moment that might be true but with a solution for kashmir there would be peace and naturally then prosperity.



+ Though people from the Valley have mixed opinions as to the status of Kashmir but people of Jammu & Ladakh are more than in favor of being part of India, so much so that they want a separate state from the valley, which is more integrated to Union of India, India can't be seen blind to there aspirations.

If thats what it takes to have peace then let Jammu & Ladakh join india.
 
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