However, Ayodhya's grand Ram Mandir is poised to challenge this paradigm. The temple and its surroundings should not be viewed merely as spots for divine selfies but as bustling centres for both the devout and high-flying corporates. Who would have anticipated that spirituality could yield significant economic rewards?
Over the past decade, India has witnessed a remarkable surge in religious and spiritual tourism. Pilgrimage destinations like Haridwar, Varanasi, and Rishikesh have transformed into vibrant tourism hubs, drawing devotees from around the world. This surge not only boosts local economies but also empowers micro, small, and medium-sized enterprises (MSMEs) while fostering opportunities for intercultural exchange. India has adeptly blended spiritual awakening with contemporary tourism, making it a universal aspiration.
The Rise of the Sanatan Economy:
India's rich spiritual heritage has evolved into a potent economic force, with over 20 lakh temples weaving a dynamic economic fabric across the country. Hindu temples, serving as spiritual centers and economic catalysts, contribute 2.32% to India's GDP, valued at INR 3.02 lakh crore (approximately USD 40 billion). Religious tourism stimulates economic activity through the purchase of ritual items, offerings, and services, thereby supporting numerous livelihoods.
هذه القصة مأخوذة من طبعة February 1 - 29, 2024 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 1 - 29, 2024 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
