![Is Ayodhya emerging as a global destination brand? Is Ayodhya emerging as a global destination brand?](https://cdn.magzter.com/1435398580/1707298821/articles/N9P3OXYs01707745420777/IS-AYODHYA-EMERGING-AS-A-GLOBAL-DESTINATION-BRAND.jpg)
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.
Diese Geschichte stammt aus der February 1 - 29, 2024-Ausgabe von BUSINESS ECONOMICS.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 1 - 29, 2024-Ausgabe von BUSINESS ECONOMICS.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![NITI Aayog launches the "Fiscal Health Index 2025" NITI Aayog launches the "Fiscal Health Index 2025"](https://reseuro.magzter.com/100x125/articles/10402/1990023/riL51KR531739192241909/NITI-AAYOG-LAUNCHES-THE-FISCAL-HEALTH-INDEX-2025.jpg)
NITI Aayog launches the "Fiscal Health Index 2025"
The report also highlights state-specific challenges and areas for improvement.
![Convergence of Science and Spirituality ensures a healthier future Convergence of Science and Spirituality ensures a healthier future](https://reseuro.magzter.com/100x125/articles/10402/1990023/AjMDPIvAE1739193312109/CONVERGENCE-OF-SCIENCE-AND-SPIRITUALITY-ENSURES-A-HEALTHIER-FUTURE.jpg)
Convergence of Science and Spirituality ensures a healthier future
Speech of Dr. Prasun Mishra, President AAPM, Chair, WISE Capitals on the 15th World Confluence of Humanity, Power and Spirituality on 27th December 2024
![The Crisis in Bolivia The Crisis in Bolivia](https://reseuro.magzter.com/100x125/articles/10402/1990023/r22Xpl-ON1739190924824/THE-CRISIS-IN-BOLIVIA.jpg)
The Crisis in Bolivia
Political leaders must put aside their rivalries and focus on stabilizing the economy.
![Assam Government hosts successful Investors' Roadshow in Kolkata Assam Government hosts successful Investors' Roadshow in Kolkata](https://reseuro.magzter.com/100x125/articles/10402/1990023/MtFQPYVwX1739192053894/ASSAM-GOVERNMENT-HOSTS-SUCCESSFUL-INVESTORS-ROADSHOW-IN-KOLKATA.jpg)
Assam Government hosts successful Investors' Roadshow in Kolkata
The Assam Government organized a highly successful Investors' Roadshow at Hotel Taj Bengal, Kolkata, serving as a prelude to the much-anticipated \"Advantage Assam 2.0: Investment and Infrastructure Summit 2025.\"
![India needs to reform both global and domestic policies to boost core sector growth India needs to reform both global and domestic policies to boost core sector growth](https://reseuro.magzter.com/100x125/articles/10402/1990023/-3-fQkdNQ1739192901672/INDIA-NEEDS-TO-REFORM-BOTH-GLOBAL-AND-DOMESTIC-POLICIES-TO-BOOST-CORE-SECTOR-GROWTH.jpg)
India needs to reform both global and domestic policies to boost core sector growth
The core sector, consisting of key industries such as petroleum and refining, electricity generation, steel production, coal mining, crude oil, natural gas, cement, and fertilizers, requires comprehensive policy reforms to enhance its contribution to the overall industrial output.
![Understanding the implications of India's revised GDP growth outlook Understanding the implications of India's revised GDP growth outlook](https://reseuro.magzter.com/100x125/articles/10402/1990023/D3LLFjU1l1739191513883/UNDERSTANDING-THE-IMPLICATIONS-OF-INDIAS-REVISED-GDP-GROWTH-OUTLOOK.jpg)
Understanding the implications of India's revised GDP growth outlook
India's GDP growth rate forecast for FY25 has recently been revised downwards by several institutions, reflecting a broader economic slowdown.
![Achievements and Challenges of a Decade of 'Make in India' Achievements and Challenges of a Decade of 'Make in India'](https://reseuro.magzter.com/100x125/articles/10402/1990023/J0EQNHtLO1739193130014/ACHIEVEMENTS-AND-CHALLENGES-OF-A-DECADE-OF-MAKE-IN-INDIA.jpg)
Achievements and Challenges of a Decade of 'Make in India'
The 'Make in India' initiative, launched in 2014, marks a significant milestone as it completes a decade of efforts to position India as a global manufacturing hub.
![Indian Rupee depreciation against the dollar: Why it's not a cause for concern Indian Rupee depreciation against the dollar: Why it's not a cause for concern](https://reseuro.magzter.com/100x125/articles/10402/1990023/-4TSIdHMo1739191747617/INDIAN-RUPEE-DEPRECIATION-AGAINST-THE-DOLLAR-WHY-ITS-NOT-A-CAUSE-FOR-CONCERN.jpg)
Indian Rupee depreciation against the dollar: Why it's not a cause for concern
The daily fluctuations in the exchange rate of the Indian rupee against the dollar have kept the media busy, with many analyses trying to determine the reasons behind its depreciation.
![EIILM-Kolkata launches 'MBA Cloud ERP with SAP' in Eastern India EIILM-Kolkata launches 'MBA Cloud ERP with SAP' in Eastern India](https://reseuro.magzter.com/100x125/articles/10402/1990023/ASrJaboaE1739191999751/EIILMKOLKATA-LAUNCHES-MBA-CLOUD-ERP-WITH-SAP-IN-EASTERN-INDIA.jpg)
EIILM-Kolkata launches 'MBA Cloud ERP with SAP' in Eastern India
EIILM-Kolkata, a leading Management Institute of Eastern India has taken a historic step towards uplifting the quality of management education in this part of the country.
![The IMF World Economic Outlook, January 2025 - An analysis/review The IMF World Economic Outlook, January 2025 - An analysis/review](https://reseuro.magzter.com/100x125/articles/10402/1990023/n06r9J8oq1739192105166/THE-IMF-WORLD-ECONOMIC-OUTLOOK-JANUARY-2025-AN-ANALYSISREVIEW.jpg)
The IMF World Economic Outlook, January 2025 - An analysis/review
On January 17, 2025, the International Monetary Fund On January 17, 2025, the International Monetary Fund (IMF) released its World Economic Outlook (WEO) update, titled \"Global Growth: Divergent and Uncertain.\"