45-day Maha Kumbh generates over Rs 3 lakh crore, boosts state’s economy

On the final day of the Maha Kumbh, which started on January 13, Uttar Pradesh Chief Minister Yogi Adityanath shared on social media that over 66.21 crore devotees had participated in the sacred bath at the confluence of the Ganga, Yamuna, and Saraswati rivers in Prayagraj during the festival.

According to industry leaders, the grand festival is estimated to have generated business of over Rs 3 lakh crore (about $360 billion) through goods and services, making it one of the biggest economic events in the country.

The Confederation of All India Traders (CAIT) Secretary General and BJP MP, Praveen Khandelwal, said that before the commencement of the Maha Kumbh, initial estimates projected the arrival of 40 crore people and business transactions worth around Rs 2 lakh crore.

However, owing to the unprecedented response from across the country and abroad, over 66 crore people participated in the world’s largest spiritual congregation, leading to a massive business turnover exceeding Rs 3 lakh crore.

Airfares also remained firm in the March quarter in otherwise a seasonally weak travel period. The surge was concentrated on flights to Prayagraj for the Maha Kumbh.

Several business sectors witnessed large-scale economic activities, including hospitality and accommodation, food and beverage sector, transport and logistics, religious attire, puja and handicrafts, textiles and apparel and other consumer goods.

Not only Prayagraj but also cities and towns within a 100-150 km radius experienced a significant business surge, strengthening local economies.

The Uttar Pradesh government spent over Rs 7,500 crore to enhance Prayagraj’s infrastructure.

According to the state government, Rs 7,500 crore was spent on building 14 new flyovers, six underpasses, over 200 widened roads, new corridors, expanded railway stations, and a modern airport terminal.

Additionally, Rs 1,500 crore was earmarked specifically for Kumbh Mela arrangements. (IANS)

Latest News

South Korea Ranks Second Among OECD Nations for Food and Beverage Prices

Blitz Bureau Seoul, June 15 — South Korea has emerged...

EU Races Against Clock for Trade Pact with US as Tariff Deadline Looms

Blitz Bureau Brussels, June 15 – With a July...

India’s Wind Energy Capacity Crosses 51.5 GW Mark, Renewable Growth Accelerates

Blitz Bureau NEW DELHI: India’s wind energy sector has...

ASEAN Rises as Key Export Market for South Korea Amid Shifting Global Trade Landscape

BlitzINDIA and IANS Seoul, June 15 — South Korea is...

The Great Cut

Blitz BureauIn a landmark monetary policy shift aimed at...

Topics

South Korea Ranks Second Among OECD Nations for Food and Beverage Prices

Blitz Bureau Seoul, June 15 — South Korea has emerged...

EU Races Against Clock for Trade Pact with US as Tariff Deadline Looms

Blitz Bureau Brussels, June 15 – With a July...

India’s Wind Energy Capacity Crosses 51.5 GW Mark, Renewable Growth Accelerates

Blitz Bureau NEW DELHI: India’s wind energy sector has...

ASEAN Rises as Key Export Market for South Korea Amid Shifting Global Trade Landscape

BlitzINDIA and IANS Seoul, June 15 — South Korea is...

The Great Cut

Blitz BureauIn a landmark monetary policy shift aimed at...

Growth over caution RBI’s course correction signals India’s bold leap forward

Blitz BureauThe Reserve Bank of India’s recent monetary policy...

Kashmir to Kanyakumari

Blitz BureauPrime Minister Narendra Modi laid the foundation stone,...

Sebi to Check UPI payments

Blitz BureauMarket regulator Securities and Exchange Board of India...
spot_img