Introduction:
The upcoming opening of the Ram Temple in Ayodhya, India, is expected to significantly boost the economy, Ram Mandir Inauguration Sparks Nationwide Business Opportunities with a trade worth Rs 50,00 crore expected on January 24th.
The Confederation of All Indian Traders (CAIT) predicts that this event will lead to a plethora of unique merchandise, such as cloth garlands, lockets, key chains, and pictures from Ram Darbar. This is expected to attract many believers and travelers to Ayodhya who want to join history when something big happens there for the first time.
Religious artifacts and memorabilia, such as paintings and small pendants with pictures of Lord Ram, toys, or images of the Ram Temple, will also be popular among visitors.
Local artists and artisans can profit from the hype of this big happening by selling religious items.
The rise in demand for Ram Temple-related items will benefit small and local businesses, as they can create and sell these items, which are significant for the economy.
This will help new business plans and ensure everyone benefits. Additionally, the increased demand for Ram Temple-related items could lead to market expansion and job creation, as local businesses may need to expand their jobs to provide jobs and increase money growth.
As businesses prepare to provide more religious and cultural items, this event could help firms grow, primarily benefiting small local companies rather than large ones.
Ram Mandir Inauguration Sparks Nationwide Business Opportunities:
Ram Mandir Inauguration Sparks Nationwide Business Opportunities (image Source: zeebiz.com)
Analysts predict that six stocks, including Praveg Limited, Indian Hotels Company Ltd, Interglobe Aviation Ltd (IndiGo), Indian Railways (IRCTC), and EaseMyTrip, will benefit the most from the opening of the Ram Temple.
Praveg, known for eco-responsible luxury hospitality, has a resort in Ayodhya near the Ram Mandir, offering high returns.
Indian Hotels Company is set to establish Vivanta and Ginger-branded hotels in Ayodhya, marking the city’s first branded hospitality experience.
Indian Railways plans to run over 1,000 trains to Ayodhya for the temple inauguration, facilitating easy access from major cities. EaseMyTrip, with its ‘End to End’ travel solutions, is poised to benefit from the surge in bookings for air tickets, hotels, cabs, buses, and railway tickets as Ayodhya becomes a focal point for travelers. ITC Ltd, with its property close to the Ayodhya Temple, is expected to benefit from the opening.
Other companies, such as Indian Hotels Company Limited, Thomas Cook India, Spicejet, Rail Vikas Nigam, Transport Corporation of India, and Jai Prakash Associates, could also benefit from the opening.
In conclusion, the Ram Mandir opening in January 2024 is not just a special event but also a significant economic boost for India.
