Devastating floods in Jammu andKashmir have caused an immediate loss of 5,400-5,700 crore rupees to the state's economy, with heavy damages to trade, hotels, restaurants, horticulture and handicraft. According to industry body Assocham the initial estimated loss to hotels, trade, agriculture- horticulture, roads and bridges in the Jammu and Kashmir regions itself is 2,630 crore rupees.Besides, high-cost infrastructure like Railways, power and communication in the hilly terrains would have suffered a loss of about 2,700-3,000 crore rupees. It said, these are only initial estimates of the loss. The real loss to the Jammu and Kashmir economy will be much higher since the impact of such calamities is long-drawn and it takes long time before the physical infrastructure is restored. Assocham Secretary General DS Rawat said that the biggest worry is the shattering of confidence among the tourists and it will take long time and effort to win back the tourists to the state .