Try GOLD - Free
Inside the Big, Fat Maha Kumbh Economy
Mint Hyderabad
|January 22, 2025
The spiritual congregation is expected to generate financial transactions worth billions of dollars
About 40 years ago, Mahavir Singh tasted his first success in business. Just eight years old, he took his family's camel to the famous Pushkar fair, near his hometown in Rajasthan. He let tourists ride the camel and earned ₹1,000 in a day. Fairs, or melas, he realized, were a great place to make quick money. The thought stayed with him.
At Prayagraj, where the Maha Kumbh mela is being held this year, Singh has invested over ₹4 crore to install 350 tents. Some of them are luxury tents. They resemble camps erstwhile royalty rested in during their hunting safaris, replete with classy linen and wooden furniture. At the higher end, a luxury tent can come for ₹40,000 a night.
Singh is hoping there will be enough takers; he has a huge loan to service. But then, the river banks at Prayagraj are now dotted with thousands of similar or even more luxurious tents.
They are all eyeing a piece of the same pie-the well-heeled pilgrim. They have started arriving in hordes to participate in the world's largest spiritual congregation that includes ascetics, saints, sadhus, sadhvis and kalpvasis. Between 13 January, when the mela, held once in 144 years began, and 26 February, when it will end, the city is expecting over 400 million people, higher than the population of the US.
A mini city, divided into 25 sectors, has come up on the banks of the three rivers (Ganga, Yamuna and the mythical Saraswati) at Prayagraj-the mela spans about 4,000 hectares. Besides hospitality, visitors need a huge array of products and services. Businesses, small and big, want to latch on to that opportunity, just like Singh. In fact, Kumbh has been a trade hotspot for many centuries-Chinese monk Xuanzang, who travelled to India in the 7th century AD, made a mention of the congregation.
This story is from the January 22, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
ONGC backs rupee bond after 15 years
State-run Oil and Natural Gas Corp (ONGC) has provided its first guarantee in 15 years for a rupee-denominated bond, likely to be issued by a subsidiary this quarter, three sources aware of the matter said on Thursday.
1 min
October 10, 2025

Mint Hyderabad
Silver ETFs soar on festive demand, supply crunch
\"In the past three to four weeks, we have seen a surge in silver demand,\" said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which runs the largest gold and silver ETFs in the country.
2 mins
October 10, 2025

Mint Hyderabad
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Hyderabad
Akasa co-founder Khatri exits after ₹1,200 cr funding
Ex-IAF officer's departure is the first from the founding team since the carrier's 2022 launch.
1 mins
October 10, 2025
Mint Hyderabad
Andreessen Horowitz to open office in Bengaluru
Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.
1 min
October 10, 2025
Mint Hyderabad
An AI bubble mustn’t distract us from the AI revolution
Every major technological boom attracts sceptics. Today, that chorus is growing louder around artificial intelligence (AI).
3 mins
October 10, 2025
Mint Hyderabad
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025

Mint Hyderabad
Nestlé looks beyond Maggi, bets on India petcare boom
Nestlé SA sees India as a potential top-three global petcare market after the US and China
2 mins
October 10, 2025
Mint Hyderabad
LG India's $1.3 billion IPO subscribed 54x
LG Electronics Inc.'s $1.3 billion initial public offering (IPO) of its Indian unit was subscribed 54 times on the final day of book building, making it India's second most heavily bid billion-dollar-plus issue.
1 min
October 10, 2025
Mint Hyderabad
Celebrating the snake in jewellery and art
An exhibition in Mumbai reiterates the power of the serpent motif in ornamentation and shines a light on Jaipur's wealth of gemstones
2 mins
October 10, 2025
Listen
Translate
Change font size