NEW YORK, NEW YORK, January 23, 2023 (India West): Ram Mandir in Ayodhya is expected to have a big economic impact in the region as tourism is projected to surge to 50 million visitors every year to the holy town, according to global brokerage firm Jeffries. The opening, it said, “Also comes with a large economic impact as India gets a new tourist spot which could attract 50 million plus tourists a year. A US$10 billion makeover which includes a new airport, revamped railway station, township, improved road connectivity, etc. will likely drive a multiplier effect with new hotels and other economic activities. It can also set a template for infra-driven growth for tourism,” the Jefferies report states. Amid increased economic and religious migration to Ayodhya, “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc.”, the report added.

The main pilgrimage site, spread over nearly 70 acres, will be equipped to host about a million devotees together. The number of pilgrims is expected to jump to 100,000-150,000 per day, the report further stated. “Religious tourism is still the biggest segment of tourism in India. Several popular religious centers attract annual tourist traffic of 10-30 million despite the existing infrastructural bottlenecks. And hence, the creation of a new religious tourist center (Ayodhya) with improved connectivity and infrastructure can create a meaningfully large economic impact,” it said. “The makeover is now set to transform the ancient city from a sleepy town to a global religious and spiritual tourist hotspot.

https://indiawest.com/after-10-billion-makeover-ayodhya-will-attract-5-crore-tourists-annually-jeffries/

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