Mahakumbh 2025 to fuel regional trade worth INR 2 lakh crores in Prayagraj
News Update January 14, 2025 10:25 PM

The spiritual and cultural celebration known as Mahakumbh 2025 began in Prayagraj with considerable solemnity. This highly respected event, which lasts for a whole month, is anticipated to draw 400 million people from all over the world. In addition to its spiritual significance, the Mahakumbh is a significant economic force, with the Confederation of All India Traders (CAIT) estimating that trade worth over ₹2 lakh crore will enter the region.

Credits: The Tribune

Accommodation and Tourism: Leading the Economic Surge

The largest contributors to this economic growth are anticipated to be the accommodation and tourism industries, which generate an estimated ₹40,000 crore in revenue. Many local hotels, guesthouses, and temporary accommodation options have been established to accommodate the influx of pilgrims and tourists. This massive demand is creating new job possibilities and driving up businesses like travel companies and tour guides.

Mahakumbh will see a great deal of commerce and commercial activity. The average cost of religious travel is ₹5,000 per person, and the total expenditure is expected to exceed ₹2 lakh crore, according to CAIT Secretary General Praveen Khandelwal.

Food and Beverages: Feeding Millions, Generating Billions

The food and beverage industry is rising to the challenge of feeding the massive pilgrimage population, which is a big undertaking. This sector is estimated to generate ₹20,000 crore, covering everything from full meals and traditional specialties to packaged snacks and bottled water. Local companies and vendors have increased output to satisfy the extraordinary demand, and tourists savor the region’s gastronomic delights.

Religious Items: A Flourishing Trade

The demand for religious paraphernalia has surged, with offerings like oil, lamps, Ganga water, idols, incense sticks, and sacred books in high demand. This segment alone is projected to contribute another ₹20,000 crore to the economy. The Mahakumbh’s spiritual essence is fueling an industry that thrives on devotion and faith.

Transportation and Logistics: Keeping the Event Moving

For an event of this size to be managed effectively, logistics and transportation are essential. It is anticipated that freight, taxi operations, and local and interstate transit services will bring in ₹10,000 crore. In order to guarantee smooth connectivity and convenient travel for millions of tourists, the Uttar Pradesh government has invested a significant amount of resources, which has further stimulated the economy.

Tourism Services: Enriching Experiences

Tourism services, including guided tours and curated travel packages, are set to add another ₹10,000 crore. The Mahakumbh’s global appeal has attracted not only pilgrims but also cultural enthusiasts and tourists eager to witness this once-in-a-lifetime event.

Healthcare and Wellness: Meeting Pilgrim Needs

Temporary medical camps, Ayurvedic products, and medicines are anticipated to bring in ₹3,000 crore. The health and wellness industry has stepped up to provide essential services, ensuring the safety and well-being of visitors. From basic first aid to holistic Ayurvedic remedies, the Mahakumbh has fostered a robust healthcare ecosystem.

Technology and Digital Services: A Modern Touch

It is anticipated that industries like e-ticketing, digital payments, Wi-Fi services, and mobile charging stations will contribute ₹1,000 crore to the integration of technology into conventional events. The Mahakumbh’s digital reinvention appeals to pilgrims who are tech-savvy by improving accessibility and ease.

Entertainment and Media: Spreading the Message

It is anticipated that ₹10,000 crore will be made via media and entertainment activities, including as advertising, marketing campaigns, and cultural performances. In addition to showcasing India’s rich cultural legacy, this platform generates global attention that increases travel and commerce.

Economic Impact: A Boost for Uttar Pradesh and Beyond

The Mahakumbh has the potential to boost the local economy and make Uttar Pradesh a popular tourist destination worldwide, according to the state administration. Beyond Prayagraj, this economic activity has a positive knock-on effect on enterprises and sectors throughout the state and the nation.

Mahakumbh 2025: Rs 2 Lakh Crore Trade Boost Anticipated in Prayagraj, Says CAIT

Credits: The Hawk

Conclusion: A Lasting Legacy

More than just a religious assembly, the Mahakumbh 2025 is a game-changing occasion that permanently alters Prayagraj’s cultural and economic landscape. As the largest human gathering in history takes place, it creates chances for growth, trade, and employment while also establishing a standard for major events around the globe. The Mahakumbh is a sign of long-term economic success for Prayagraj and the surrounding areas, not just a passing event.

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