MUMBAI:An SBI report mentioned the completion of Ayodhya’s Ram temple and UP state authorities initiatives will oush the vacationer expenditure in the state past Rs 4 lakh crore by the year-end. This surge in FY25 is estimated to yield an additional Rs 20,000-25,000 crore in tax income for the state.
In 2022, UP attracted 32 crore home vacationers, witnessing an almost 200% enhance, with 2.21 crore visiting Ayodhya alone.Based on NSS knowledge on the nationwide stage, the entire expenditure by home vacationers is estimated at round Rs 2.2 lakh crore. When factoring in the Rs 10,000 crore expenditure by international vacationers in UP, the general spending in the state reaches roughly Rs 2.3 lakh crore.
“UP will be one of the two states which will break the $500 billion mark in 2027 (or FY28) when India achieves the 3rd place in the global economy. The GDP size of major Indian states in 2027 will be more than that of some European countries like Norway,” the report mentioned.
In 2022, UP attracted 32 crore home vacationers, witnessing an almost 200% enhance, with 2.21 crore visiting Ayodhya alone.Based on NSS knowledge on the nationwide stage, the entire expenditure by home vacationers is estimated at round Rs 2.2 lakh crore. When factoring in the Rs 10,000 crore expenditure by international vacationers in UP, the general spending in the state reaches roughly Rs 2.3 lakh crore.
“UP will be one of the two states which will break the $500 billion mark in 2027 (or FY28) when India achieves the 3rd place in the global economy. The GDP size of major Indian states in 2027 will be more than that of some European countries like Norway,” the report mentioned.
