What Is Sanatan Economy? Estimated To Be At 3.02 Lakh Crore

Ram Temple Consecration Impact

The consecration ceremony of the Ram Temple in Ayodhya on January 22 is expected to fuel an additional trade of over Rs 50,000 crore in January, marking a significant economic boost.

Temple Town's Economic Significance

Ayodhya, with the completion of the Ram Temple, is poised to become a major centre of India’s economy, intertwining economic activities with faith and spirituality.

Merchandise Business Surge

Anticipated surge in business, estimated by Praveen Khandelwal, includes purchases of Ram Temple-related merchandise like models, t-shirts, key rings, contributing to the economic upturn.

Temple Tourism Potential

The inauguration is expected to attract lakhs of visitors, contributing to temple tourism revenue as people flock to Ayodhya, creating an economic ripple effect.

Scope Of Sanatan Economy

Indias vast temple landscape, with over 2 million temples, forms a substantial part of the Sanatan Economy, estimated at Rs 3.02 lakh crore according to the National Sample Survey Office (NSSO).

Temple-Related Industries

Beyond direct temple earnings, temple-related industries such as flower, oil, lamp, and puja dress production contribute significantly, although not fully accounted for in economic assessments.

Employment Generation

Temples and pilgrimage sites employ over 35 crore people in various roles, from maintaining temple areas to selling religious items and contributing to the overall economy.

Financial Contributions Of Major Temples

Some of Indias major temples, including donations for the Ram Temple in Ayodhya, contribute substantial amounts, with six temples collectively amassing Rs 24,000 crore in cash.

Religious Travel Expenditure

Data reveals that 55% of Hindus engage in religious pilgrimages, with daily per-person expenses for religious travel amounting to Rs 2,717, resulting in a daily expenditure of Rs 1,316 crore.

Government Initiatives

PM Narendra Modis emphasis on religious and heritage site development, exemplified by schemes like PRASAD, contributes to the economic growth of areas hosting pilgrimage destinations. The Char Dham Yatra and other significant religious journeys further contribute to economic growth, generating substantial revenue and employment.