The much-awaited inauguration of the Ram Temple in Ayodhya on January 22 has stirred not only religious fervor but also economic optimism across the nation. Beyond being a symbol of faith, the Ram Temple is poised to catalyze a significant economic boost for India. In this blog, we explore the insights and perspectives of economists and market experts who believe that the temple’s construction will usher in positive changes in employment, GDP, and GST collection.

Market Celebrations Precede Inauguration

Our very own Dr. Vinay Prakash Tiwari, founder of Investing Daddy and a stock market expert, notes that the stock market has been celebrating the Ram Temple since the Supreme Court’s 2019 decision. Dr. Vinay Sir shares examples of companies involved in building resorts, hotels, and airlines related to Ayodhya, whose shares have seen remarkable returns. Some stocks have soared by thousands of percent, reflecting the bullish sentiment in the market leading up to the temple inauguration.

Tourism Boom and Foreign Funds

Some market expert underscores the connection between the Ram Temple and the economy. He predicts that the influx of tourists, both domestic and NRI, seeking darshan of Ramlala will bring in foreign funds. Events leading up to the Pran Pratistha ceremony are being organized nationwide, leading to a rapid increase in the flow of money. They anticipate that January might witness a GST collection surpassing Rs 2 lakh crore, setting a new record. The tourism, hotel, and travel sectors are expected to experience a significant boom, potentially propelling the GDP to 8.4 in the upcoming quarter.

Job Creation and Real Estate Boom

Some other market expertss, highlight the positive impact on job creation and real estate. Companies associated with railways are reaping profits, and the real estate sector is experiencing a significant boom. Property values in Ayodhya have doubled, reaching over Rs 6,000. The ongoing infrastructure development is not only attracting direct investments but is also expected to generate 1 lakh direct and 8 lakh indirect jobs.

Temple Tourism Boosting GDP

Economists emphasize the indirect benefits the government will accrue through GST collections. The revenue generated from temple tourism is expected to contribute substantially to the GDP. Mittal predicts that post the Ram Temple inauguration, temple tourism may constitute 2.5 percent of the GDP. This influx of funds could be directed towards creating new infrastructure, including schools, hospitals, colleges, roads, and railways.

As Ayodhya prepares for the historic moment of the Ram Temple inauguration, the economic ripple effects are becoming increasingly evident. The temple is not just a spiritual landmark but a catalyst for economic growth, creating jobs, boosting tourism, and potentially setting new records in GST collections and GDP. The Ram Temple is poised to be a cornerstone in India’s journey towards prosperity.