In Uttar Pradesh, the revenue through taxes is Rs. 25,000 crore expected to grow

MUMBAI: With the opening of the Ram temple in Ayodhya and the various measures taken by the Uttar Pradesh government to attract tourists to the state, Uttar Pradesh is estimated to spend Rs 4 lakh crore through national and international tourists in the current year.

According to a research report by SBI, keeping in mind the influx of tourists, the government of Uttar Pradesh is likely to increase its tax revenue by Rs 20,000 to Rs 25,000 crore in the next financial year.

As a result of the special scheme of the Center to develop pilgrimage destinations and the initiatives taken by the state governments, the development of pilgrimage destinations in the country will be helped.

In 2022, 32 crore national tourists visited Uttar Pradesh, out of which 2.21 crore visited Ayodhya.

Tourists at home and abroad spent a total of Rs 2.30 lakh crore. Now that the Ram Mandir has opened, the level of expenditure in Uttar Pradesh is expected to rise to Rs 4 lakh crore, says SBI's research report.

Before Corona, i.e. in 2019, India's share in receiving international tourists was 2.06 percent and India's ranking was 14th. India's share in Asia-Pacific has also been seven percent.

Keeping in view the rush that will occur with the opening of the Ram temple, the major hotel companies of the country are planning to open hotels.

With the increase in the number of visitors, business opportunities for FMCG, catering and quick service restaurants (QSR) have also arisen here, which will also see an increase in tax revenue.