The Maha Kumbh Mela’s impact on the Indian economy is set to be monumental as the world’s largest religious gathering officially began on Monday. Held every 12 years, it is estimated to witness 40–45 crore devotees on its stretch from Uttar Pradesh.
With an estimated budget of ₹6,382 crore, the Maha Kumbh Mela has that much potential to generate economic activity, which can bring in hefty growth not just for the state but for the country as well.
The Uttar Pradesh government says it expects ₹25,000 crore in direct revenue from the event in terms of taxes, rentals, and other charges. However, his government has made it clear that the economic opportunity is much greater than that, with estimates as high as ₹2–3 lakh crore overall financial activity once millions of pilgrims spend their money on transport, accommodations, and other services in the locality.
The impact of Maha Kumbh Mela on the Indian economy can be even more significant with small-scale businesses contributing to this economic boom.
Maha Kumbh Mela’s impact on the Indian economy will be 100% positive
The Maha Kumbh Mela is as much a money-making machine as it is a religious festival. Vijay Anand, Kumbh Mela Nodal Officer, said the UP government was likely to rake in ₹25,000 crore through taxes, rentals, and other sources, but the economic activity generated overall may be over ₹2–3 lakh crore that would find its way to small-scale vendors, local business and service providers.
From flower sellers at temples to boat operators on the Ganges, the feedback of the Mela has a strong potential to change the local livelihoods.
The Maha Kumbh Mela is not only a religious spectacle but also an economic powerhouse, showcasing Maha Kumbh Mela’s impact on the Indian economy by creating jobs, boosting tourism, and energizing small businesses. As the event unfolds, it is expected to bring transformative changes to the region’s economy, reaffirming its importance as more than just a spiritual gathering
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