Studentnomics

In this movie , intrepid archaeologist Indiana Jones, on the trail of fortune and glory in Old Shanghai, is ricocheted into a dangerous adventure in India.

Unlike in the movie where he grapples with traditions associated ancient temple that lands him in all sorts of troubles recent events of construction a Ram Temple has proved to be Midas touch for Indian economy.

Whilst many people would consider the construction of Ram temple in Ayodhya recently as only a religious event , I could not ignore the massive impact it has had in the economic fabric of the city , the state and the country.

It brings home the message how faith ,region practices and beliefs can only bind a group of individuals to a unified vision but also contributes to the flourishing of religious economy.

In the past kings and rich dynasties have spent millions to construct religious monuments that have stood the test of time and faith , generated lively hood for many people involved in their construction and for people who supported the construction worker.

After its initial construction it has continued to be a focal point of social gatherings laying the path for investing in infrastructure to Supprt the travel , stay and religious tourism that continues to increase for generations.

The £8.5 billion makeover is expected to transform the ancient holy city into a global religious hotspot, bringing with it a host of economic goodwill.

The expected surge in tourism and residents will lead to substantial demand for FMCG, consumer staples and quick service, restaurants (QSR). It is also expected to lead to an increased demand for both domestic and international connectivity from which aviation, railways and ancillary service providers are set to gain.

With increased tourist spending in the state, the Uttar Pradesh government is set to earn an additional £ 2 billion – £ 2.5 billion in tax revenue in FY25

As per the Master Plan 2031, the redevelopment of Ayodhya will be completed over 10 years with an investment of over £8 billion to help meet increased tourist footfall

These are not insignificant numbers !

As of 2024 India is currently the fifth largest economy in the world behind the US, China, Germany and Japan.

India is set to become the third-largest economy by 2030, and we expect it will be the fastest-growing major economy in the next three years.

How does all this impact me and why am I so excited? Well because with my Indian heritage, we spend most of our travel budget and time visiting our extended family in India!

I always love to travel with my grandparents to see places with historic and religious importance and see the vibrancy of the economic hubs that buzz around these sites.

The investment in infrastructure will make my travel more comfortable and make the sites more accessible and practical to travel with my elderly grandparents.

The temple inauguration generated a lot of social activity all around the world and in UK there were a lot of local gathering to celebrate the occasion that contributed to local business and will continue every year.

It’s a new story of Indiana Jones and the temple of boom!