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Vikas Acharya

Stealth • 9h

The Maha Kumbh Mela of 2025 in Prayagraj, India, is anticipated to have a substantial economic impact, both directly and indirectly. Here's a comprehensive look at the expected revenue and economic benefits: Expected Revenue and Economic Impact: Total Revenue Projection: The event is expected to generate direct revenues of approximately ₹25,000 crore ($2.91 billion) for Uttar Pradesh. However, the overall economic impact on the state's economy is estimated to be around ₹2 lakh crore ($23.26 billion). This projection is based on the potential spending by an estimated 40 to 45 crore (400 to 450 million) visitors over the 45-day period from January 13 to February 26, 2025. Average Spending per Visitor: If each visitor spends an average of ₹5,000, the total spending could reach ₹2 lakh crore. There are projections suggesting that if the average expenditure per person rises to ₹10,000, the total economic contribution could soar to ₹4 lakh crore, potentially boosting both nominal and real GDP by over 1 percent. Breakdown by Sectors: RELIGIOUS ITEMS: Sales of puja items, idols, incense sticks, and other religious paraphernalia are expected to contribute around ₹5,000 crore. FOOD AND BEVERAGE: The food industry, including packaged foods, water, biscuits, juices, and meals, is projected to contribute approximately ₹20,000 crore. DAIRY PRODUCTS: Sales from dairy products are expected to add ₹4,000 crore to the economy. FLOWERS: Revenue from flowers is estimated at ₹800 crore. LUXURY AND ACCOMMODATION: Luxury tents have been set up, with prices ranging from ₹18,000 to ₹1 lakh per night, catering to a wide range of visitors from budget to premium. This sector alone is anticipated to generate significant revenue, though specific figures for accommodation are not singularly itemized. TRANSPORTATION: Increased demand for transportation, including special trains, buses, and local travel options like rickshaws and boats, will contribute an estimated ₹10,000 crore. TOURISM: The tourism sector, including travel guides and tour packages, is expected to generate another ₹10,000 crore. Infrastructure and Employment: GOVERNMENT INVESTMENT: The Uttar Pradesh government has invested around ₹6,990 crore in infrastructure development, sanitation, and logistics for the event, which includes nearly 550 projects. EMPLOYMENT: The event is set to generate temporary employment for around 6 lakh people, covering various roles from event management to sanitation and security. This economic activity not only benefits Prayagraj but also has ripple effects across nearby regions, enhancing local and state economies through increased trade, tourism, and infrastructure development. These figures and projections are based on various reports and estimates from sources like the Confederation of All India Traders (CAIT), the UP government, and industry analyses, which provide a broad perspective on how the Maha Kumbh Mela acts as an economic engine for the region.

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2 Lakh Crores Revenue 🥶 from single event and investment is only 8 thousand crore 10000X returns 💀

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