Lagatar24 Desk
Prayagraj: The Maha Kumbh 2025 is poised to generate an estimated business of over ₹3 lakh crore, making it one of the biggest economic events in India. The Confederation of All India Traders (CAIT) projected that the religious congregation, which is expected to witness nearly 60 crore devotees over 45 days, will significantly boost business activity through goods and services.
Faith And Economy Go Hand In Hand
CAIT Secretary General and Chandni Chowk MP Praveen Khandelwal highlighted that the Maha Kumbh has established a strong link between faith and economy, showcasing the deep-rooted strength of India’s Sanatan economic model.
Initially, 40 crore attendees and a business turnover of ₹2 lakh crore were estimated. However, due to the overwhelming participation, the Maha Kumbh is now expected to host 60 crore devotees, generating business worth ₹3 lakh crore by February 26. This massive inflow has provided a significant economic push to Uttar Pradesh, creating new business and employment opportunities.
Impact On The Indian Economy
1. Boost To Local Businesses: Small and medium enterprises (SMEs), especially in food, clothing, religious items, and transportation, see a substantial increase in revenue.
2. Tourism Surge: Hotels, lodges, and transportation services experience peak demand, benefiting hospitality and travel sectors.
3. Employment Generation: The large-scale event creates thousands of temporary jobs in construction, security, sanitation, and logistics.
4. Rise In Spiritual Tourism: The event reinforces India’s position as a top spiritual tourism destination, attracting domestic and international visitors.
5. Boost To State Revenue: Increased transactions contribute significantly to state and central government tax revenues, benefiting overall GDP.
Massive Participation
According to the Uttar Pradesh government, over 53 crore devotees have already taken a holy dip at the Sangam, with millions visiting daily. The event continues to attract pilgrims, traders, and entrepreneurs, making it a global religious and economic phenomenon.
