Poging GOUD - Vrij
Amid build-up, past data indicates Mahakumbh to be a money spinner
Hindustan Times West UP
|January 08, 2025
The fair will be the hub of a wide range of economic activities and is likely to witness significant revenue inputs
MAHAKUMBH NAGAR (PRAYAGRAJ): As the grandeur and scale of the Mahakumbh increases with the Uttar Pradesh government claiming that the religious fair is expected to draw an estimated 40 crore (400 million) pilgrims and visitors, past data and experts' estimates indicate that the mega event will be a big money churner.
On the lines of big-ticket events like elections and multinational sports championships, the Mahakumbh is all set to be a hub of economic activity, creating jobs and generating revenue, according to experts and those who have observed the fair closely in the past.
The mega event will begin on January 13 and conclude on February 26.
The last Mahakumbh held in 2013 generated a total revenue of around Rs 12,000 crore while the Kumbh Mela 2019 churned out overall revenue of Rs 1.2 lakh crore, according a study by Confederation of Indian Industry (CII).
Economic activities associated with the Kumbh generated employment for over 6 lakh workers in 2019 across various sectors.
This time, estimates of the revenue potential of the Mahakumbh-2025 vary with experts putting the figure between Rs 1.5 lakh crore and Rs 2 lakh crore.
The event has already seen heavy infrastructural investment.
TURNOVER ESTIMATES Just the basic items of daily need required by devotees during Mahakumbh 2025 would be around Rs 17,310 crore or above, as per turnover estimates prepared by the U.P. Chapter of Confederation of All India Traders.
According to president of the UP Chapter of Confederation of All India Traders Mahendra Kumar Goyal, the business volume of puja items alone is expected to be around Rs 2000 crore while the flower trade at the 45-day mela would be an estimated Rs 800 crore.
Dit verhaal komt uit de January 08, 2025-editie van Hindustan Times West UP.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Hindustan Times West UP
Hindustan Times West UP
Tight liquidity may spur RBI move
The RBI could step in soon likely via open market operation bond purchases or forex swaps
3 mins
October 27, 2025
Hindustan Times West UP
Brook ton in vain as NZ beat England by 4 wickets
Captain Harry Brook’s brilliant century wasn’t enough to rescue England as hosts New Zealand eased to a four-wicket win in the first one-day international on Sunday.
2 mins
October 27, 2025
Hindustan Times West UP
What NCRB data says about nature of crime
The National Crime Records Bureau (NCRB) recently released its Crime in India 2023 report. NCRB's Crime in India reports are a comprehensive analysis of the crime scene in the country.
3 mins
October 27, 2025
Hindustan Times West UP
Student handcuffed after AI mistakes bag of chips for gun
{ U.S. HIGH SCHOOL
1 mins
October 27, 2025
Hindustan Times West UP
Street to see a tide of retail investors in next one year
India’s retail investment landscape may be on the cusp of change, with a surge of first-timers ready to enter the equity markets.
2 mins
October 27, 2025
Hindustan Times West UP
Tales of transformation, pathway to Viksit Bharat
A revolution in agro-processing is turning farmers in the arid parts of Karnataka into entrepreneurs, converting blocks into manufacturing hubs. It holds lessons for other parts of India
5 mins
October 27, 2025
Hindustan Times West UP
LENSKART TO LAUNCH IPO ON OCTOBER 31
Eyewear retailer Lenskart Solutions is gearing up to launch its initial public offering (IPO) on October 31, aiming to raise %2,150 crore through a fresh issue of shares.
1 min
October 27, 2025
Hindustan Times West UP
Waiting for Bihar’s moment in the sun
This column is on the Bihar assembly elections, but it is more of a collage of the massive changes taking place in the state and the painful impact of the upheaval.
4 mins
October 27, 2025
Hindustan Times West UP
Ensure bus safety to avoid Kurnools
Ignored safety norms & lack of regulatory oversight combine to turn buses into moving death traps
2 mins
October 27, 2025
Hindustan Times West UP
US hikes Canada tariffs by 10% over ‘fraud’ Reagan ad
US President Donald Trump said he was hiking tariffs on Canadian goods by an additional 10% in the latest fallout over a Canadian anti-tariff ad that featured late US leader Ronald Reagan.
1 min
October 27, 2025
Listen
Translate
Change font size

