Ram Mandir’s effect on economic
Ram Mandir Case is one of the longest cases of India. Now, its construction has been started. The construction of Ram Mandir will lead to a new lease to a profitable India it will also have a valuable significance for our economy. The construction of Ram Mandir can change the economy by creating more and more new opportunities for the people living there.
An economic slowdown has been forced in the world due to the outbreak of pandemic
COVID-19; and travel and tourism is one of the hardest hit segments. But now, with the economy of the country opening up gradually, the world pinning its hopes on an effective vaccine, places of worship being allowed to function under strict guidelines, it won’t be long before, temple tourism starts to see some sunshine again.
Growth due to its construction:-
The Ram Mandir can change the economy by creating new opportunities and providing jobs for the people living there and boost tourism as well.
It is been estimated that the complete construction of the grand Ram Mandir I will take around 3.5 years at an estimated cost of ₹ 300 crores. This is ample time for the country’s economy to recover from the ill effects of the pandemic following Ayodhya and even India stand to gain in many ways.
* In India, religious tourism ( places of worship ) is a massive industry. It supports thousands of jobs as it is still a manpower-intensive sector. The people making garlands, Prasad or bhog incense sticks, Diyas, decorative chunris, decorative poshaks , and jewelry worn by God or Goddess such as Pagh, Khes, Dhotis, Pearl, and diamond Malas and many more. These services cannot be automated and hence it can generate jobs of various kinds.
* Given the history of Ayodhya’s Ram temple, it has great potential to become a major tourist attraction in the country that can attract visitors all over the world. This attraction of tourists will lead to more and more benefits from our country. This will lead to the economic growth of not only Ayodhya but of our country India too. Tourism in India is important for the country’s economy and is growing rapidly. The World Travel and Tourism Council calculated that tourism generated ₹16.91 lakh crore (US$240 billion) or 9.2% of India’s GDP in 2018 and supported 42.673 million jobs, 8.1% of its total employment.[2] The sector is predicted to grow at an annual rate of 6.9% to ₹32.05 lakh crore (US$450 billion) by 2028 (9.9% of GDP).
* The Uttar Pradesh government has also allocated ₹85 crores for tourists infrastructure facilities in Ayodhya. This means more infrastructure and more jobs for all. The development of a country wholly depends on the availability of its infrastructural facilities. Infrastructure plays a vital role in the improvement of the country’s standard of living. It also plays an important role in contributing to a higher rate of economic growth. According to Dr. V. K. R. V. Rao, “The link between infrastructure and development is not a once for all affairs. It is a continuous process and progress in development has to be preceded, accompanied, and followed by progress in infrastructure; if we are to fulfill our declared objectives of a self-accelerating process of economic development”. As a result, there will be development in the backward regions, there will be social change and will change economic Outlook.
There exists a very close relationship between spending on infrastructure and GDP growth. Studies reveal that a 1% growth in the stock of infrastructure often associates with a 1% growth in per capita GDP. Not only Economic growth but also the overall development will be possible. Along with technological innovation, economic infrastructural facilities are also important for eradicating poverty and enhancing globalization.
- Several ancillary services and jobs are also bound to arise on account of the historical temple. More roads, bridges, and transport will have to be introduced or the existing ones will have to be improved.
- Hotels and healthcare units will also have to be improved, paving way for more investments from the public and private sector players which will further lead to job creation for people in the region.
-A budget of Rs 500 crore has been allocated for the construction of an airport in Ayodhya which will add to the convenience of travel enthusiasts willing to spend more to visit the heritage site.
* The real estate sector too stands to witness a boom with land requirements to encourage temple tourism.Real Estate is an important part of the economy and is accountable for an extensive part of its development investment, the advancement of the nation’s infrastructure stand & major originators of trade and industry activity.
Additionally, a lot of land in Ayodhya which is owned by the natives can earn them big bucks if rented or sold at premium prices at the right time, which is hereon-forward.
However, listed above are some of the possible opportunities that can be exploited for economic growth in Ayodhya and in Eastern Uttar Pradesh and even in Indiawhich can only come to its fruition if it is met with the right preparation.
Read about — say no to Chinese product
By starting the construction of the Ram temple, the stage has been set for a viable economic growth and prosperity of the region.A news report in the New Indian Express quoted a Vishwa Hindu Parishad official as stating that engineering giant Larsen & Toubro is ready to construct the Ram temple in Ayodhya for free.L&T, the report added, has expressed the desire to execute all technical and construction projects related to the Ram temple in Ayodhya, and offered to undertake the execution of the project without charging any fee.
Thus, The construction of Ram Mandir is not the Construction of the Temple, but it is the Construction of Many people’s dreams and wishes, Construction of New and Developed the Indian Economy and the construction of many new opportunities. The Grand New Ram Mandir brings a new ray of the rise of our Country.
Originally published at https://www.thelitthings.com on August 8, 2020.
