Facebook Pixel Is Ayodhya emerging as a global destination brand? | BUSINESS ECONOMICS - business - Read this story on Magzter.com

Try GOLD - Free

Is Ayodhya emerging as a global destination brand?

BUSINESS ECONOMICS

|

February 1 - 29, 2024

Traditionally, sacred spaces and modern urban landscapes have been perceived as incompatible, akin to oil and water.

- Shaunak Roy

Is Ayodhya emerging as a global destination brand?

However, Ayodhya's grand Ram Mandir is poised to challenge this paradigm. The temple and its surroundings should not be viewed merely as spots for divine selfies but as bustling centres for both the devout and high-flying corporates. Who would have anticipated that spirituality could yield significant economic rewards? 

Over the past decade, India has witnessed a remarkable surge in religious and spiritual tourism. Pilgrimage destinations like Haridwar, Varanasi, and Rishikesh have transformed into vibrant tourism hubs, drawing devotees from around the world. This surge not only boosts local economies but also empowers micro, small, and medium-sized enterprises (MSMEs) while fostering opportunities for intercultural exchange. India has adeptly blended spiritual awakening with contemporary tourism, making it a universal aspiration.

The Rise of the Sanatan Economy:

India's rich spiritual heritage has evolved into a potent economic force, with over 20 lakh temples weaving a dynamic economic fabric across the country. Hindu temples, serving as spiritual centers and economic catalysts, contribute 2.32% to India's GDP, valued at INR 3.02 lakh crore (approximately USD 40 billion). Religious tourism stimulates economic activity through the purchase of ritual items, offerings, and services, thereby supporting numerous livelihoods.

MORE STORIES FROM BUSINESS ECONOMICS

BUSINESS ECONOMICS

BUSINESS ECONOMICS

PowerHive Launches 'VION' Lithium-ion Battery Range

PowerHive, the battery and energy storage arm of Vikram Solar Limited, announced the launch of its flagship brand VION, PRODUCT RANGE marking the company's entry into distributed battery storage for electric mobility and residential energy backup.

time to read

1 min

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Iran War: Why & how it affects India

Iran is neither like Iraq nor Venezuela; and President Trump has made the mortal mistake of underestimating Iran's power.

time to read

2 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

ICC hosted the 8th Social Impact Summit and Awards

The Indian Chamber of Commerce (ICC) hosted the 8th Social Impact Summit and Awards on March 12, 2026, bringing together experts from diverse fields who emphasized the need to shift corporate social responsibility (CSR) initiatives from symbolic, philanthropic, and structured, yet measurable, inventions capable of driving long-term social transformation.

time to read

1 min

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Insufficient storage systems of Agro-Products and their impact on the Indian Economy

The lack of adequate storage facilities for agro-products significantly affects the Indian economy and creates multiple structural problems.

time to read

3 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Empowered Women

A few days ago, I had the opportunity to participate in a solidarity event in Paris in support of Iranian women. In the context of International Women's Day, many meaningful reflections were shared on the decisive role women play in liberation processes, on the particular hardships they face when belonging to persecuted or penalized groups.

time to read

1 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Why optimum utilisation of India's Rural Economy is essential for achieving developed status

In contrast to mainstream economics, development economics focuses on how underdeveloped or less developed economies transition to developed status.

time to read

3 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Faith-Devotion and Bhakti

Besides Ahimsa (nonviolence, the eternal, natural and highest human value), many other virtuous qualities that genuinely capture the essence of humanity also surface through the core texts of the Sanatana Dharma.

time to read

4 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Bank of Maharashtra opens its 68th Branch in West Bengal and 71st Branch in Kolkata Zone, Ukhra

Bank of Maharashtra (BOM), a public sector Bank (Government Enterprise Undertaking), inaugurated its 68th branch in West Bengal and 71st in the Kolkata zone.

time to read

1 min

April 01 - 30, 2026

BUSINESS ECONOMICS

ESCORTS KUBOTA LTD

Escorts Kubota Limited was originally established in 1944 as Escorts Limited. Later, after forming a strategic partnership with Japan's Kubota Corporation, the company was renamed Escorts Kubota Limited to reflect the joint collaboration.

time to read

3 mins

April 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

FTAs alone will not deliver export gains unless non-tariff barriers are addressed: GTRI

India has already signed 18 Free Trade Agreements (FTAs), and negotiations with the United Kingdom and the European Union are nearing completion.

time to read

3 mins

April 01 - 30, 2026

Listen

Translate

Share

-
+

Change font size