10/02/2013
Socio-Economic Impact of Maha Kumbh on Local Economy:
Hinduism has established a Socio-Economic Ecosystem by celebrating various religious festivals for whole year! The scale and economics of Maha Kumbh Mela has mind-blowing figures. According to ASSOCHAM-India Report there will be at least 10 times more revenue generation on capital investment (arrangements and temporary infrastructure), see data below:
Pilgrims and tourist (expected): 100 milions (in next 2 months)
Jobs (temporary) creation locally: 635,000
Investment by government: $220 million USD
Expected Revenue generation: INR 12000 Crores (~ $ 2.2 billion)
About Foreign Tourist:
Foreign Tourists (Expected) – 1 million
Number of tourists also opting for Tour Packages for visiting other tourist destinations – 500,000
Amount (Expected ) of expenditure per tourist – $ 500
Total Revenue from Tour Packages = 500,000 X 500 = $ 250 million