Ayodhya Ram temple inauguration: Rs 1 lakh crore worth business can be expected, says CAIT

Ram Temple Inauguration: Ayodhya is gearing up for the grand inauguration of Ram Temple on January 22. The temple will give a big boost to the Indian economy. The Confederation of All India Traders has estimated that a business of Rs 1 lakh crore will happen by way of spendings on purchase of goods and Availment of different services for the events etc.

Ram Temple to boost business

Earlier CAIT had estimated a business of Rs 50,000 crore which was revised after the feedback received from trade associations of 30 cities of different states.

"This event not only resonates with religious sentiments but also brings a surge in economic activities. The faith and trust of people are leading to the creation of many new businesses based on the country's traditional economic system", National Secretary-General of CAIT Praveen Khandelwal said.

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Over 200 major markets in Delhi alone is expected to witness a business of Rs 20 thousand crore. CAIT in a press release has mentioned that the markets are witnessing a high demand for Shri Ram flags, banners, caps, T-shirts, and printed kurtas featuring the image of the Ram Mandir. The demand for models of the Ram Mandir has also seen a rapid increase, and it is expected that over 5 crore models will be sold across the country for which small manufacturing units are working day-night in many cities of different states.

Meanwhile a large number of traditional musical instruments players like Dhol, Tashe, Nafiri, Shehnai, Band groups and craftsman for preparation of tableaus for Shobha Yatra etc are also expected to contribute to the economy.