<p>Ahead of the Ram Mandir Pran Pratishtha (consecration) that took place on Monday (Jan 22), Ayodhya underwent an extensive transformation, with a reported expenditure exceeding $10 billion. The city redevelopment initiative included a new airport, revamped railway station, township improvements, enhanced road connectivity and other facilities.</p>

<p>Tourism, contributes approximately seven per cent to India's economy, and lags behind other major emerging and developed economies. A recent report by brokerage firm Jefferies suggests that Ayodhya's monumental makeover could lead to tax revenue generation exceeding ₹25,000 crore ($3 billion) for the Uttar Pradesh government.</p>

<p><a href="https://www.wionews.com/india-news/watch-moment-when-ram-lallas-idol-was-revealed-in-ram-mandir-consecration-ceremony-682381">Also read |&nbsp;Ram Lalla's idol revealed at temple consecration ceremony</a></p>

<h2><strong>Cost analysis: The multifaceted makeover</strong></h2>

<p>Jefferies estimates the comprehensive Ayodhya makeover, encompassing infrastructure enhancements, to cost around ₹85,000 crore ($10 billion). The ambitious project aims to position Ayodhya as a premier tourist destination, attracting over 50 million visitors annually, rivaling global landmarks like the Golden Temple in Amritsar and the Tirupati temple in Andhra Pradesh.</p>

<p>To bolster tourism, Ayodhya has witnessed the operational commencement of phase 1 of its airport, capable of accommodating 1 million passengers. Plans are in place to expand this capacity to 6 million by 2025. The railway infrastructure has also been doubled to handle 60,000 passengers daily, signalling a concerted effort to improve connectivity.</p>

<p><strong>Also watch |&nbsp;Ram Lalla Idol: What we know | Ram Mandir Inauguration</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/ram-lalla-idol-what-we-know-ram-mandir-inauguration-682516/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>With 17 hotels boasting 590 rooms currently, Ayodhya's hospitality sector is set for a substantial boost. As many as 73 new hotels, 40 of which are already under construction, are to come up to meet the demand in view of increased tourist influx. Major players like Indian Hotels, Marriott, and Wyndham have committed to new ventures, while Oyo plans to add 1,000 hotel rooms.</p>

<p>The transformation of Ayodhya, propelled by the inauguration of the Ram Mandir, positions the city as a potential global tourism hub.</p>

<p><em>(With inputs from agencies)</em></p>


Ahead of the Ram Mandir Pran Pratishtha (consecration) that took place on Monday (Jan 22), Ayodhya underwent an extensive transformation, with a reported expenditure exceeding $10 billion.

Ahead of the Ram Mandir Pran Pratishtha (consecration) that took place on Monday (Jan 22), Ayodhya underwent an extensive transformation, with a reported expenditure exceeding $10 billion. The city redevelopment initiative included a new airport, revamped railway station, township improvements, enhanced road connectivity and other facilities. Tourism, contributes approximately seven per cent to India's economy, and lags behind other major emerging and developed economies. A recent report by brokerage firm Jefferies suggests that Ayodhya's monumental makeover could lead to tax revenue generation exceeding ₹25,000 crore ($3 billion) for the Uttar Pradesh government. Also read | Ram Lalla's idol revealed at temple consecration ceremony Cost analysis: The multifaceted makeover Jefferies estimates the comprehensive Ayodhya makeover, encompassing infrastructure enhancements, to cost around ₹85,000 crore ($10 billion). The ambitious project aims to position Ayodhya as a premier tourist destination, attracting over 50 million visitors annually, rivaling global landmarks like the Golden Temple in Amritsar and the Tirupati temple in Andhra Pradesh. To bolster tourism, Ayodhya has witnessed the operational commencement of phase 1 of its airport, capable of accommodating 1 million passengers. Plans are in place to expand this capacity to 6 million by 2025. The railway infrastructure has also been doubled to handle 60,000 passengers daily, signalling a concerted effort to improve connectivity. Also watch | Ram Lalla Idol: What we know | Ram Mandir Inauguration With 17 hotels boasting 590 rooms currently, Ayodhya's hospitality sector is set for a substantial boost. As many as 73 new hotels, 40 of which are already under construction, are to come up to meet the demand in view of increased tourist influx. Major players like Indian Hotels, Marriott, and Wyndham have committed to new ventures, while Oyo plans to add 1,000 hotel rooms. The transformation of Ayodhya, propelled by the inauguration of the Ram Mandir, positions the city as a potential global tourism hub. (With inputs from agencies)

Ayodhya’s over $10 billion revamp could generate around $3bn in tax revenue for UP

<p>As the consecration ceremony of Ram Mandir concludes, the Indian holy city of Ayodhya is already abuzz with lots of economic activity. According to the Confederation of All India Traders (CAIT), the ceremony alone generated business worth more than INR 100,000 crore across India. And now that the temple will be open for devotees from January 23, Ayodhya is set to witness a drastic rise in religious tourism. Here are five key points highlighting the impact of the Ram Mandir on Ayodhya’s economy.</p>

<h2><strong>1) Ayodhya’s infrastructure</strong></h2>

<p>Along with the beautification of roads and building of public infrastructure, several mutts, ashrams, dharmashalas and hotels for commercial purpose are being built across Ayodhya. The massive construction is set to boost Ayodhya’s economy by creating local jobs and driving up consumption. The infrastructure growth includes connecting highways, refurbished roads, water, and power projects.</p>

<p><strong>Watch:&nbsp;Ayodhya Ram Mandir Inauguration: Temple town of Ayodhya gets a massive facelift for the ceremony</strong></p>

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<p>Government projects worth INR 85,000 crore have been earmarked for the holy city alone.&nbsp;</p>

<h2><strong>2) Hotels and homes</strong></h2>

<p>To handle the influx of thousands of devotees every day, Ayodhya’s hospitality sector needs a major upgrade.</p>

<p>Currently, more than 50 big hotel projects are underway in the city. These include leading names in the hospital industry like the Taj, Oberoi, Trident, Marriott, Radisson and Ginger.</p>

<p><strong>Also read:&nbsp;<a data-jsarwt="1" data-usg="AOvVaw0bjw9dsEmgvBC1R_g5kOw8" data-ved="2ahUKEwiCqYzm3vCDAxXWcWwGHaTwDRIQxfQBKAB6BAgQEAE" href="https://www.wionews.com/science/ram-mandir-in-ayodhya-isros-satellite-view-of-ram-temple-shows-holy-town-in-all-its-glory-682327" jsname="YKoRaf">Ram Mandir in Ayodhya: ISRO`s satellite view of Ram temple shows holy town in all its glory</a></strong></p>

<p>Ayodhya is also going to get the world’s first seven-star veg-only hotel, being built by a Mumbai-based real-estate firm The House Of Abhinandan Lodha (HoABL). “We have received 25 proposals to set up hotels in Ayodhya, one of the proposals is to build a pure vegetarian seven-star hotel,” Uttar Pradesh Chief Minister Yogi Adityanath said recently.</p>

<h2><strong>3) Airlines and railways</strong></h2>

<p>After the opening of the Ayodhya international airport, several Indian carriers have announced direct flights to the city. Indian Railways has also introduced 200 “Aastha Special Trains” to Ayodhya after 22 January. This will bring thousands of devotees to the city every day, boosting its economy and creating jobs in the hospitality sector.</p>

<h2><strong>4) Spiritual tourism</strong></h2>

<p>Ayodhya is expected to attract around 10 million to 50 million people from across the world every year. This will help Ayodhya’s tourism sector to further develop and provide world-class facilities to visitors.</p>

<h2><strong>5) Local business</strong></h2>

<p>Travel and tourism have already generated more than 20,000 jobs in Ayodhya. Now, with increased tourism and a boost to the hospitality sector, the number is only expected to rise from here annually. Ayodhya will not be the only beneficiary city but neighbouring cities like Lucknow, Kanpur and Gorakhpur are also expected to witness a boom in local business.</p>

<p><em>(With inputs from agencies)</em></p>


As the consecration ceremony of Ram Mandir concludes, the Indian holy city of Ayodhya is already abuzz with lots of economic activity. According to the Confederation of All India Traders (CAIT), the ceremony alone generated business worth more than INR 100,000 crore across India.

As the consecration ceremony of Ram Mandir concludes, the Indian holy city of Ayodhya is already abuzz with lots of economic activity. According to the Confederation of All India Traders (CAIT), the ceremony alone generated business worth more than INR 100,000 crore across India. And now that the temple will be open for devotees from January 23, Ayodhya is set to witness a drastic rise in religious tourism. Here are five key points highlighting the impact of the Ram Mandir on Ayodhya’s economy. 1) Ayodhya’s infrastructure Along with the beautification of roads and building of public infrastructure, several mutts, ashrams, dharmashalas and hotels for commercial purpose are being built across Ayodhya. The massive construction is set to boost Ayodhya’s economy by creating local jobs and driving up consumption. The infrastructure growth includes connecting highways, refurbished roads, water, and power projects. Watch: Ayodhya Ram Mandir Inauguration: Temple town of Ayodhya gets a massive facelift for the ceremony × Government projects worth INR 85,000 crore have been earmarked for the holy city alone. 2) Hotels and homes To handle the influx of thousands of devotees every day, Ayodhya’s hospitality sector needs a major upgrade. Currently, more than 50 big hotel projects are underway in the city. These include leading names in the hospital industry like the Taj, Oberoi, Trident, Marriott, Radisson and Ginger. Also read: Ram Mandir in Ayodhya: ISRO`s satellite view of Ram temple shows holy town in all its glory Ayodhya is also going to get the world’s first seven-star veg-only hotel, being built by a Mumbai-based real-estate firm The House Of Abhinandan Lodha (HoABL). “We have received 25 proposals to set up hotels in Ayodhya, one of the proposals is to build a pure vegetarian seven-star hotel,” Uttar Pradesh Chief Minister Yogi Adityanath said recently. 3) Airlines and railways After the opening of the Ayodhya international airport, several Indian carriers have announced direct flights to the city. Indian Railways has also introduced 200 “Aastha Special Trains” to Ayodhya after 22 January. This will bring thousands of devotees to the city every day, boosting its economy and creating jobs in the hospitality sector. 4) Spiritual tourism Ayodhya is expected to attract around 10 million to 50 million people from across the world every year. This will help Ayodhya’s tourism sector to further develop and provide world-class facilities to visitors. 5) Local business Travel and tourism have already generated more than 20,000 jobs in Ayodhya. Now, with increased tourism and a boost to the hospitality sector, the number is only expected to rise from here annually. Ayodhya will not be the only beneficiary city but neighbouring cities like Lucknow, Kanpur and Gorakhpur are also expected to witness a boom in local business. (With inputs from agencies)

How Ram Mandir will boost Ayodhya’s economy: Five key points to know

<p>The iconic Ram Mandir in the north Indian city of Ayodhya could attract 50 million tourists a year, according to brokerage firm Jefferies. A $10 billion makeover of Ayodhya which includes a new airport, revamped railway station, and township would transform the ancient city from a sleepy town to a global religious and spiritual tourist hotspot, IANS news ageny reported citing the brokerage firm.</p>

<p>The makeover would likely drive a multiplier effect with new hotels and other economic activities, the report added. The cornerstone of Ayodhya's transformation is the iconic new Ram Mandir, which has been constructed for $225 million.&nbsp;</p>

<p><strong>Also read | <a href="https://www.wionews.com/india-news/watch-pm-modi-leads-sacred-pran-pratishtha-rituals-in-ayodhya-on-ram-mandir-consecration-682371">'Siyavar Ramchandra Ki Jai': PM Modi addresses gathering after Ram Mandir consecration rituals in Ayodhya</a></strong></p>

<p>Tourism is projected to surge and with an increased economic and religious migration to Ayodha, multiple sectors stand to benefit airlines, hotels, travel ancillaries etc., Jefferies said.</p>

<p>A significant infra upgrade to facilitate Ayodhya tourism with phase 1 of a new airport in the city became operational for $175 million and can handle one million passengers.</p>

<p>The report added that additional domestic capacity and an international terminal are expected by next year with a capacity to handle six million passengers.</p>

<p><strong>Also watch |&nbsp;PM Modi performs aarti in front of Ram Lalla's idol</strong></p>

<p><iframe allowfullscreen="" autoplay="1" frameborder="0" height="350" src="https://www.wionews.com/videos/ayodhya-ram-mandir-pm-modi-performs-aarti-in-front-of-ram-lallas-idol-682393/embed" width="560"></iframe></p>

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<p>The railway station, meanwhile, has been upgraded to double the capacity to 60,000 passengers per day.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/ram-mandir-consecration-300-women-from-this-indian-city-make-100000-diyas-in-record-time-says-report-682366">Ram Mandir: 100K diyas made in record time by 300 Barabanki women illuminate Ayodhya</a></strong></p>

<p>The consecration ceremony of the temple was held on Monday afternoon. The Ram Lalla idol was unveiled by Indian Prime Minister Narendra Modi. More than 8,000 guests were invited to the ceremony, a report by the news agency ANI said.</p>

<p>The magnificent temple has been constructed in the traditional Nagara style. The temple's length (east-west) is 380 feet; its width is 250 feet and its height is 161 feet. The Ram Mandir is supported by 392 pillars and 44 doors.</p>

<p><em>(With inputs from agencies)</em></p>


The iconic Ram Mandir in the north Indian city of Ayodhya could attract 50 million tourists a year, according to brokerage firm Jefferies. A $10 billion makeover of Ayodhya which includes a new airport, revamped railway station, and township would transform the ancient city from a sleepy town to a global religious and spiritual tourist hotspot, IANS news ageny reported citing the brokerage firm.

The iconic Ram Mandir in the north Indian city of Ayodhya could attract 50 million tourists a year, according to brokerage firm Jefferies. A $10 billion makeover of Ayodhya which includes a new airport, revamped railway station, and township would transform the ancient city from a sleepy town to a global religious and spiritual tourist hotspot, IANS news ageny reported citing the brokerage firm. The makeover would likely drive a multiplier effect with new hotels and other economic activities, the report added. The cornerstone of Ayodhya's transformation is the iconic new Ram Mandir, which has been constructed for $225 million. Also read | 'Siyavar Ramchandra Ki Jai': PM Modi addresses gathering after Ram Mandir consecration rituals in Ayodhya Tourism is projected to surge and with an increased economic and religious migration to Ayodha, multiple sectors stand to benefit airlines, hotels, travel ancillaries etc., Jefferies said. A significant infra upgrade to facilitate Ayodhya tourism with phase 1 of a new airport in the city became operational for $175 million and can handle one million passengers. The report added that additional domestic capacity and an international terminal are expected by next year with a capacity to handle six million passengers. Also watch | PM Modi performs aarti in front of Ram Lalla's idol × The railway station, meanwhile, has been upgraded to double the capacity to 60,000 passengers per day. Also read | Ram Mandir: 100K diyas made in record time by 300 Barabanki women illuminate Ayodhya The consecration ceremony of the temple was held on Monday afternoon. The Ram Lalla idol was unveiled by Indian Prime Minister Narendra Modi. More than 8,000 guests were invited to the ceremony, a report by the news agency ANI said. The magnificent temple has been constructed in the traditional Nagara style. The temple's length (east-west) is 380 feet; its width is 250 feet and its height is 161 feet. The Ram Mandir is supported by 392 pillars and 44 doors. (With inputs from agencies)

Ram Mandir could attract 50 million tourists a year: Report

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Ayodhya’s over $10 billion revamp could generate around $3bn in tax revenue for UP

How Ram Mandir will boost Ayodhya’s economy: Five key points to know

Ram Mandir could attract 50 million tourists a year: Report