Maha Kumbh 2025 : will boost the country's economy, devotees may spend more than 4 lakh crores..
- Sonebhadra Times
- Jan 12
- 2 min read
The Maha Kumbh is anticipated to boost GDP figures by over 1%. In 2023-24, India's GDP was Rs 295.36 lakh crore, and it is projected to rise to Rs 324.11 lakh crore in 2024-25.
Maha Kumbh 2025: The Maha Kumbh Mela, considered the largest cultural gathering of people, holds significant spiritual value and substantial economic impact. The 2024 Maha Kumbh is anticipated to generate trade surpassing Rs 4 lakh crore, greatly enhancing India's economy. This event is likely to increase GDP by over 1% and elevate government revenues to record levels.
40 crore devotees expected to arrive
The Uttar Pradesh government anticipates that more than 40 crore domestic and international visitors will attend the event. With each individual spending between Rs 5,000 and Rs 10,000 on average, total spending might reach Rs 4.5 lakh crore. This will benefit sectors like accommodation, transport, catering, handicrafts, and tourism. This spending signifies unplanned additional economic activity in January and February.
GDP and tax will increase
The Maha Kumbh is expected to increase GDP figures by over 1%. In the fiscal year 2023-24, India's GDP was Rs 295.36 lakh crore, with a projection to reach Rs 324.11 lakh crore in 2024-25. The Maha Kumbh will significantly contribute to this growth.
The government's total revenue, encompassing GST, income tax, and other indirect taxes, can amount to Rs 1 lakh crore, with GST collections alone potentially reaching Rs 50,000 crore.
The state government has invested so many thousand crores
The Uttar Pradesh government has dedicated Rs 16,000 crore to the Maha Kumbh, an investment bringing substantial cultural and economic benefits.
Cultural and economic importance
Events like the Maha Kumbh highlight the unique characteristics of India's economy, where culture and commerce intertwine. Historically, fairs and religious gatherings have significantly contributed to enhancing trade, tourism, and social ties. The Maha Kumbh not only promotes economic development but also acts as a catalyst for social and cultural renewal.
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