The Kumbh Mela, the world’s largest religious festival, is having a significant economic impact in India. The festival, held in Prayagraj, has led to a surge in business, with millions of visitors spending on accommodation, transport, and food. The event has also resulted in large-scale infrastructure upgrades, including new roads, bridges, flights, and hotels. The festival is expected to contribute around $24 billion to the economy, with some estimates going as high as $30 billion. The state government, led by Yogi Adityanath, controls lucrative service contracts for the festival, which has seen over 435 million pilgrims take a ritual river dip so far.
Source: Conversation with Copilot
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