Mumbai: An SBI report says that the work of Ram temple in Ayodhya will be completed Above With the initiative of the state government, tourist expenditure in the state will exceed Rs 4 lakh crore by the end of the year. This surge is expected to generate an additional Rs 20,000-25,000 crore in tax revenue for the state in FY 2025.
In 2022, UP attracted 32 crore domestic tourists, seeing an increase of almost 200%, with 2.21 crore visiting Ayodhya alone. Based on NSS data at the national level, the total spending by domestic tourists is estimated to be around Rs 2.2 lakh crore. Including the Rs 10,000 crore spend by foreign tourists in UP, the total spending in the state reaches about Rs 2.3 lakh crore.
“UP will be one of the two states to breach the $500 billion mark in 2027 (or FY28) when India takes the third position in the global economy. The GDP size of major Indian states in 2027 will exceed that of some European countries like Norway,” the report said.
In 2022, UP attracted 32 crore domestic tourists, seeing an increase of almost 200%, with 2.21 crore visiting Ayodhya alone. Based on NSS data at the national level, the total spending by domestic tourists is estimated to be around Rs 2.2 lakh crore. Including the Rs 10,000 crore spend by foreign tourists in UP, the total spending in the state reaches about Rs 2.3 lakh crore.
“UP will be one of the two states to breach the $500 billion mark in 2027 (or FY28) when India takes the third position in the global economy. The GDP size of major Indian states in 2027 will exceed that of some European countries like Norway,” the report said.
