Ram Mandir
The revamp of Ayodhya would make it a global spiritual and religious tourist destination.
Jefferies predicts that Prime Minister Narendra Modi’s spectacular opening of the Ram temple in Ayodhya will boost India’s economy by attracting 50 million tourists every year.
A $10 billion makeover (new airport, railway station, township, road connectivity, etc.) may spur new hotels and other economic activity. It can also model infrastructure-driven tourism growth, added Jefferies.
Before the pandemic, tourism boosted FY19 GDP by $194 billion. This should reach $443 billion by FY 2033 at an 8% CAGR. India has a tourism-to-GDP ratio of 6.8%, which is lower than most emerging and developed nations by 3-5 percentage points.
The renovation will make the old city a destination for religious and spiritual tourists. “The new Ram temple costs $225 million. Jefferies expects tourism to rise. The organization reported that “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc” as economic and religious migration to Ayodhya rises.
Phase 1 of Ayodhya Airport cost $175 million and can accommodate 1 million passengers. International terminals with 6 million passenger capacities are expected by 2025. Both the airport and train station have been refurbished to handle 60,000 passengers per day. A 1,200-acre greenfield community and improved road links are also proposed.
Jefferies said that thousands of delegates visited India during its G20 leadership, promoting tourism across the country.
Forbes named India 7th most attractive in 2022. India has 42 UNESCO World Heritage sites, 6th worldwide. Only three countries have hot and cold deserts, including the world’s largest democracy.
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Ram Mandir may be visited by 50 million people: Jefferies evaluates Ayodhya multiplier
The revamp of Ayodhya would make it a global spiritual and religious tourist destination.
Jefferies predicts that Prime Minister Narendra Modi’s spectacular opening of the Ram temple in Ayodhya will boost India’s economy by attracting 50 million tourists every year.
A $10 billion makeover (new airport, railway station, township, road connectivity, etc.) may spur new hotels and other economic activity. It can also model infrastructure-driven tourism growth, added Jefferies.
Check out our live Ram Mandir inauguration updates today.
Before the pandemic, tourism boosted FY19 GDP by $194 billion. This should reach $443 billion by FY 2033 at an 8% CAGR. India has a tourism-to-GDP ratio of 6.8%, which is lower than most emerging and developed nations by 3-5 percentage points.
The renovation will make the old city a destination for religious and spiritual tourists. “The new Ram temple costs $225 million. Jefferies expects tourism to rise. The organization reported that “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc” as economic and religious migration to Ayodhya rises.
Phase 1 of Ayodhya Airport cost $175 million and can accommodate 1 million passengers. International terminals with 6 million passenger capacities are expected by 2025. Both the airport and train station have been refurbished to handle 60,000 passengers per day. A 1,200-acre greenfield community and improved road links are also proposed.
Jefferies said that thousands of delegates visited India during its G20 leadership, promoting tourism across the country.
Forbes named India 7th most attractive in 2022. India has 42 UNESCO World Heritage sites, 6th worldwide. Only three countries have hot and cold deserts, including the world’s largest democracy.
Ram Mandir may be visited by 50 million people: Jefferies evaluates Ayodhya multiplier
The revamp of Ayodhya would make it a global spiritual and religious tourist destination.
Jefferies predicts that Prime Minister Narendra Modi’s spectacular opening of the Ram temple in Ayodhya will boost India’s economy by attracting 50 million tourists every year.
A $10 billion makeover (new airport, railway station, township, road connectivity, etc.) may spur new hotels and other economic activity. It can also model infrastructure-driven tourism growth, added Jefferies.
Check out our live Ram Mandir inauguration updates today.
Before the pandemic, tourism boosted FY19 GDP by $194 billion. This should reach $443 billion by FY 2033 at an 8% CAGR. India has a tourism-to-GDP ratio of 6.8%, which is lower than most emerging and developed nations by 3-5 percentage points.
The renovation will make the old city a destination for religious and spiritual tourists. “The new Ram temple costs $225 million. Jefferies expects tourism to rise. The organization reported that “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc” as economic and religious migration to Ayodhya rises.
Phase 1 of Ayodhya Airport cost $175 million and can accommodate 1 million passengers. International terminals with 6 million passenger capacities are expected by 2025. Both the airport and train station have been refurbished to handle 60,000 passengers per day. A 1,200-acre greenfield community and improved road links are also proposed.
Jefferies said that thousands of delegates visited India during its G20 leadership, promoting tourism across the country.
Forbes named India 7th most attractive in 2022. India has 42 UNESCO World Heritage sites, 6th worldwide. Only three countries have hot and cold deserts, including the world’s largest democracy.