The Supreme Court settled the never-ending Babri Masjid and Ayodhya Ram Mandir issues, bringing an end to 500 years of Lord Shri Ram’s exile. It directed the construction of Ayodhya Ram Mandir on the disputed land, while instructing the State to allocate five acres to the Sunni Waqf Board in a “prominent” location in Ayodhya for the mosque’s construction. This construction can be significant for Indian Economy.
Impact of Ram Mandir on Indian Economy:
Ayodhya or Ram Mandir Poised to Surpass Vatican City and Mecca in Tourism Visits:
- Jefferies, a foreign stock market research firm, predicts Ayodhya will surpass Vatican City and Mecca in visitor numbers.
- Following consecration, a massive crowd visited Ayodhya, with over five lakh devotees seeing Ram Lalla and an equal number waiting their turn.
- Ayodhya expects to draw around five crore devotees annually, positioning it as a major tourism destination in India.
- Daily visitor numbers could reach up to three lakh, potentially boosting Ayodhya’s economy by Rs 25,000 crore if each visitor spends Rs 2,500.
Ram Mandir Economic Impact and Tax Revenue:
- Uttar Pradesh anticipates tax collections of Rs 5,000 crore in 2024-25 due to the Ram temple and tourism initiatives.
- The state could see an additional economic gain of approximately Rs 4 lakh crore, bringing significant impact on Indian economy.
- Various projects totaling Rs 30,500 crore aim to develop Ayodhya into a world-class city, including the creation of a Ramayana circuit.
Infrastructure Development and Tourist Facilities:
- Ayodhya Development Authority installs 3D and basic 4D sculptures, transforming the city into an open gallery.
- Renovation efforts at Raja Dasharath Samadhi Sthal aim to enhance the spiritual experience for tourists.
- A new airport, railway station upgrades, and improved road connectivity contribute to Ayodhya’s makeover.
- The city implements battery-operated carts, electric buses, and green autos for convenient transportation.
- Restoration projects for ponds, heritage sites, and public spots further enhance Ayodhya’s appeal.
Hotel Industry Expansion and Rail Connectivity near Ram Mandir:
- Ayodhya’s hotel sector experiences growth, with plans for 73 new hotels to accommodate increased tourist demand.
- Luxury hotel chains such as Indian Hotels Co., ITC, and Marriott plan openings in the area.
- Railway connectivity improves with over 1,000 trains operating during the temple inauguration.
Boost in Tourism Services and Job Creation:
- Tour operators witness increased inquiries and bookings, indicating a rise in tourism.
- Travel and tourism have already generated over 20,000 jobs in Ayodhya, with further growth expected annually.
- The hospitality sector’s expansion is anticipated to benefit neighboring cities like Lucknow and Kanpur.
Economic Opportunities for Small Traders through Ram Mandir:
- Small traders selling various goods stand to benefit from increased tourism and economic activity in Ayodhya.
- Improved connectivity and infrastructure can lead to a substantial economic impact on the region.
Ayodhya’s development as a religious tourist center promises significant economic growth and opportunities for various sectors, driving prosperity in the region and beyond.
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