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Industry body CAIT has estimated merchandise sales, services trade and spending around the upcoming Ayodhya Ram Mandir inauguration could touch ₹1 lakh crore – double its initial projection of ₹50,000 crore.

The revised forecast underscores the unprecedented fervor surrounding the January 22nd temple consecration ceremonies led by PM Modi. CAIT compiled data from trade associations in 30 cities to reach the number.

National Secretary Praveen Khandelwal attributed the exponential business surge to the event resonating deeply with religious sentiments across communities countrywide.

Frenzied Demand for Ram Mandir Merchandise

Markets are recording booming demand for Lord Ram images, Ayodhya temple replicas, saffron flags, t-shirts, customized attire and related memorabilia.

Over 5…

The gross merchandise value of India’s internet economy, encompassing fintech, SaaS, B2C and B2B e-commerce, will hit $1 trillion by 2030 driven by increased private consumption in Tier 2 geographies, digital public infrastructure and global investments in the country’s technology sector, according to a report authored by Google, Bain and Temasek.

India’s Increased Internet Economy

According to the report, the value of India’s internet economy in 2022 was estimated to be in the range of $155 billion to $175 billion. The report highlights that the growth of the internet economy will be primarily driven by the business-to-consumer (B2C) e-commerce sector, followed by business-to-business (B2B) e-commerce, software-as-a-service (SaaS) providers, and online media platforms, with…