The inauguration of the Ram temple in Ayodhya is poised to significantly boost temple tourism in India. Analysts from Jefferies anticipate around 100 million annual visitors to the Ram temple, surpassing numbers seen at major global religious sites like Vatican City and Mecca.
The creation of Ayodhya as a new religious tourist centre, with enhanced connectivity and infrastructure, is expected to have a substantial economic impact.
Currently, India generates USD 200 billion, 7 per cent of its economy, from tourism. The Indian government's financial support to pilgrimage sites in the country is set to further propel this sector.
The report points to the transformative effect seen in Varanasi after the inauguration of the Kashi Vishwanath Corridor, where tourist footfall and local incomes significantly increased. The Ram temple's inauguration is seen as a similar catalyst for tourism growth.