Indian army chief in Kashmir as rising tensions with Pakistan spook markets

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epa12050790 Indian paramilitary soldiers patrol a street in Srinagar, India, 24 April 2025. Protests by locals continued for a second day in Kashmir against the killing of 26 people, attacked by gunmen in the popular tourist destination of Pahalgam in south Kashmir on 22 April, in what regional authorities described as the most serious attack against civilians in recent years.  EPA-EFE/FAROOQ KHAN

Indian paramilitary soldiers patrolling a street in Srinagar, India, on April 24. Protests by locals continued for a second day in Kashmir against the killing of 26 people on April 22.

PHOTO: EPA-EFE

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SRINAGAR - India’s army chief will review security arrangements on April 25 and visit the site of

this week’s deadly attack on tourists in Indian Kashmir

, with fears of fresh tensions with long-time rival and neighbour Pakistan spooking markets.

India has said there were Pakistani elements in the April 22 attack, when militants shot 26 men in a meadow in the Pahalgam area, and Islamabad has denied any involvement.

The nuclear-armed nations have unleashed a raft of measures against each other, with India keeping a critical river water-sharing treaty in abeyance and Pakistan closing its airspace to Indian airlines, among other steps.

General Upendra Dwivedi, India’s army chief, will visit Kashmir on April 25 to review security arrangements and was likely to visit the site of the attack, an army source said, a day after Prime Minister Narendra Modi vowed to chase the perpetrators to “the ends of the earth”.

Indian stock markets fell on April 25 and the key indices were down by around 1 per cent, while the rupee turned lower and the 10-year benchmark bond yield jumped 4 basis points.

India’s top two carriers IndiGo and Air India said some of their international routes, including to the United States and Europe, would be affected by the closure of Pakistani airspace, leading to extended flight times and diversions.

There have been calls for – and fears that – India could conduct a military strike in Pakistani territory as it did in 2019 in retaliation for a suicide bombing in Indian-controlled Kashmir that killed at least 40 Indian paramilitary police.

Several leaders of Mr Modi’s Hindu nationalist Bharatiya Janata Party have called for military action against Pakistan.

The two countries both claim Muslim-majority Kashmir in full, but rule it in part. India, a Hindu-majority nation, has long accused Islamic Pakistan of aiding separatists who have battled security forces in its part of the territory – accusations Islamabad denies.

Indian officials say the attack had “cross-border linkages”. Kashmiri police, in notices identifying three people “involved” in the violence, said two of them were Pakistani nationals. India has not elaborated on the links or shared proof.

Those killed in the attack belonged to all parts of India, Mr Modi said in a speech on April 23, even as television channels showed images of funerals taking places in several states across the country.

Pictures of women wailing and people praying in front of burning pyres as many of the 26 dead were cremated were splashed across most national dailies on April 25.

Early on April 25, the authorities in Indian Kashmir demolished the houses of two suspected militants, one of whom is an accused in the attack, an official said.

Governments in many states ruled by Mr Modi’s Hindu nationalist Bharatiya Janata Party have torn down what they say are illegal houses or shops of people accused of crimes, many of them Muslims, in what has come to be popularly known as “instant, bulldozer justice”.

In an unrelated incident, sporadic firing was reported along the Line of Control that divides Indian and Pakistani Kashmir, the Indian army said on April 25, despite a 2021 ceasefire which has been violated several times. REUTERS

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