Mrudul Mudotholy’s Post

🟠 Indian festivals give a major boost to the economy by encouraging consumer spending and supporting various businesses. As Ganesh Chaturthi began on Saturday, the famous GSB Seva Mandal Ganpati, also known as the "richest Ganpati," is adorned with 66 kg of gold and 325 kg of silver. The festival, from September 7 to 11, has an insurance cover worth ₹400.58 crore! The GSB Seva Mandal in Matunga is renowned for its gold-jeweled Lord Ganesha. 🟠 Ganesh Chaturthi alone brings an economic boost of ₹25,000 crore, with major expenses on pandals, decorations, rituals, and merchandise. The market for Ganesh idols alone is expected to exceed ₹500 crore. The festival, once a private family event, has grown into a major public celebration, showing India's cultural transformation. It's celebrated widely, especially in Maharashtra, with grand pandals, processions, and rituals for Lord Ganesha, the remover of obstacles. 🟠 The economic impact includes contributions from idol sales, flowers, sweets, catering, and local tourism. Festivals like Navratri, Dussehra, and Diwali further uplift the economy with increased trade, tourism, and retail sales. #Narendramodi #bjp #Festivals #economy #sales

Indian Festivals - Boosting the Economy through Tradition and Commerce. This year's Ganesh Chaturthi is expected to drive a substantial economic boost of ₹25,000 crore. There are approximately 20 lakh Ganesh pandals set up across India, with Maharashtra leading with over 7 lakh, Karnataka with 5 lakh, and Andhra Pradesh, Telangana, and Madhya Pradesh each with 2 lakh. The total expenditure on pandal setups, decorations, and rituals alone is projected to exceed ₹10,000 crore. The festival's economic impact covers several areas : trade in Ganesha idols is expected to generate over ₹500 crore, while flowers, garlands, and coconuts are projected to add another ₹500 crore. Sales of Modaks and other sweets are anticipated to surpass 2,000 crore, and catering and food services are likely to bring in nearly ₹3,000 crore. Local tourism and transportation are expected to benefit by about ₹2,000 crore, and retail sales of festival-related merchandise are estimated to reach around ₹3,000 crore. As the festival season continues with Navratri, Dussehra, and Diwali, the Indian economy is set to experience a significant uplift from these festivals. Indian festivals are not just cultural celebrations, but powerful economic drivers, boosting consumer spending and supporting businesses across the country. This puts India in a unique position to deal with and outperform during global macro economic downturns. One more reason to celebrate, rejoice and embrace our festivals and traditions. Follow Skillomentum for more! #skillomentum #upskill #ganeshchaturthi #India

🟠 Indian festivals significantly #boost the economy by driving consumer spending and supporting various businesses.🎉 𝘼𝙨 𝙩𝙝𝙚 𝙂𝙖𝙣𝙖𝙥𝙖𝙩𝙞 𝘾𝙝𝙖𝙩𝙪𝙧𝙩𝙝𝙞 𝙘𝙚𝙡𝙚𝙗𝙧𝙖𝙩𝙞𝙤𝙣𝙨 𝙘𝙤𝙢𝙢𝙚𝙣𝙘𝙚𝙙 𝙤𝙣 𝙎𝙖𝙩𝙪𝙧𝙙𝙖𝙮, 𝙩𝙝𝙚 𝙂𝙎𝘽 𝙎𝙚𝙫𝙖 𝙈𝙖𝙣𝙙𝙖𝙡 𝙂𝙖𝙣𝙥𝙖𝙩𝙞, 𝙖𝙡𝙨𝙤 𝙠𝙣𝙤𝙬𝙣 𝙖𝙨 𝙩𝙝𝙚 ‘𝙧𝙞𝙘𝙝𝙚𝙨𝙩 𝙂𝙖𝙣𝙥𝙖𝙩𝙞’ 𝙜𝙚𝙩𝙨 𝙖𝙙𝙤𝙧𝙣𝙚𝙙 𝙬𝙞𝙩𝙝 66 𝙠𝙜 𝙤𝙛 𝙜𝙤𝙡𝙙 𝙤𝙧𝙣𝙖𝙢𝙚𝙣𝙩𝙨 𝙖𝙣𝙙 325 𝙠𝙜 𝙨𝙞𝙡𝙫𝙚𝙧 𝙖𝙣𝙙 𝙤𝙩𝙝𝙚𝙧 𝙥𝙧𝙚𝙘𝙞𝙤𝙪𝙨 𝙞𝙩𝙚𝙢𝙨. The organisers of the festival, which takes place from September 7 to 11, have #secured insurance worth an incredible Rs 400.58 crore. One of the richest mandals is the GSB Seva Mandal in Matunga, which is well-known for its gold-jeweled Lord Ganesha.🌼 🟠 For instance, 𝙂𝙖𝙣𝙚𝙨𝙝 𝘾𝙝𝙖𝙩𝙪𝙧𝙩𝙝𝙞 𝙖𝙡𝙤𝙣𝙚 𝙜𝙚𝙣𝙚𝙧𝙖𝙩𝙚𝙙 𝙖𝙣 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 #𝙗𝙤𝙤𝙨𝙩 𝙤𝙛 ₹25,000 𝙘𝙧𝙤𝙧𝙚, with expenditures on pandal setups, decorations, rituals, and related merchandise. 𝙊𝙛 𝙩𝙝𝙞𝙨, 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙛𝙤𝙧 𝙂𝙖𝙣𝙚𝙨𝙝𝙖 #𝙞𝙙𝙤𝙡𝙨 𝙖𝙡𝙤𝙣𝙚 𝙞𝙨 𝙚𝙭𝙥𝙚𝙘𝙩𝙚𝙙 𝙩𝙤 𝙚𝙭𝙘𝙚𝙚𝙙 𝙍𝙨 500 𝙘𝙧𝙤𝙧𝙚 . . . 🟠 Ganesh Chaturthi, once a private family ritual, has evolved into a vibrant public #celebration reflecting India’s cultural and social transformation. It is celebrated with great enthusiasm, especially in Maharashtra, with elaborate pandals, processions, and rituals dedicated to Lord Ganesha, the remover of obstacles. 🟠 The festival's #economic impact also includes significant #contributions from the trade of Ganesha idols, flowers, sweets, catering, and local tourism . . . . Festivals like Navratri, Dussehra, and Diwali further uplift the economy through increased trade, tourism, and retail sales. #श्रीगणेश #गणपतिबप्पा #GaneshChaturthi #ganpati #ganpatiutsav #linkedin #linkedinpost #marketupdates #linkedinforcreators #linkedinguide

There's a magic in Indian Festivals that transcends our culture. Festivals like Ganesh Chaturthi has an unmatchable influence not only on our lives but also on the economy. According to Bhartia, the trade of Ganesha idols alone brings in over ₹500 crore. Items like flowers, garlands, and coconuts add another ₹500 crore. Sweets like Modaks are also in high demand during the festival, pushing sales beyond ₹2,000 crore. The festival also helps local tourism and transportation, adding about ₹2,000 crore to the economy. Retail sales for items like clothes, home decor, and gifts reach around ₹3,000 crore. Event management companies also benefit, making about ₹5,000 crore from organizing large events. The Confederation of All India Traders (CAIT) shared that the festival season, starting with Raksha Bandhan and followed by Ganesh Chaturthi, Navratri, Diwali, and more, will drive significant growth in the Indian economy. Ganesh Ji’s influence, however, extends beyond the economy. He has become a symbol of hope and new beginnings, inspiring people to overcome their challenges and lead better lives. His presence during this festival strengthens the bonds of community and cultural heritage, making him the ultimate influencer on a much larger scale. What do you think about festivals impacting our economy positively and can this be scaled to attract tourism in India? #ganeshchaturthi #celebrityinfluencer #ganpatifestival #indianfestival

Festivals have huge economic impact. Organizations aligning their business timelines and goals with major festival and core culturally important events within the country can benefit potentially. Why? Festivals are considered as an event where people spend. People spend and contribute to the grassroot level of economy. Culture, Artists, Musicians, Dancers, Police, Civic Volunteers and Common men are valued. Valued people get a fresh start and if these participants are working in a particular organisation, that organisation gets help in the longer run. Also, festivals can play a major role in providing awareness to the masses what a particular organisation does. Some might say what common people have to do knowing about certain products or product lines? Believe me at the end of the day the largest business comes from the masses even if they are not the target segment. So, marketing teams within the organisation can plan for innovatide ideas to physically reach out to people. It also serves as a place to do CSR and promoting CSR activities during festivals. According to me, organisations must look into this hidden potential. Especially in Indian context for major festivals like - Ganesh Chaturthi, Durga Puja, Navaratri, Diwali, Holi, etc. to do some really good promotion of the good work they do, the culture they value and culture they want to contribute to if they want to have a long standing relationship with the land they want to operate in. Giving the employees chance to relax and rewind during their major festivals strengthens employee-employer relationship. Also, such an employer is expected to have a very diverse employee base so operations don't get hampered. More thoughts?

How 11 days #ganesh_chaturthi festival boost Indian economy ? India is a land of festivals, and each one carries its own cultural and religious significance. Beyond their spiritual importance. these festivals have a substantial influence on both local and national economies . #SANATAN_ECONOMY 1. The 11 days Ganesh Chaturthi festival covers around (1 lakh crores) of economic activities in India in every years. Although official government figures estimates business between Rs 45,000 to Rs 50,000 crores during Ganesh Chaturthi, I believe that the festival's economic impact may soon surpass that of Diwali, which currently stands at Rs 1.5 lakhs crore. 2. There is 20 Lakhs Ganesh #pandals set up in country every year. In the list of pandals setup by state Maharashtra is in top list with 35% ( 7 lakhs) of pandals is set up only in one state. 3. The minimum expenditure for each pandals is Rs 50,000 for setup, decoration, sweet, flowers, ritual alone, surpass 10,000 crore. 4. According to the Confederation of All Indian Traders (CAIT) there is #500 crore of Ganesh idols are sold in the country every year, which generated estimate business of #25000 crore. 5. Following sectors get boost by the Festivals of Ganesh Chaturthi Flowers industry , sweet industry , Textile industry these industries are locally driven by retailors. According to the data (SMEs) have reported a 35% rise in business. if I talking about Tourism industry it is directly benefited with an estimated (10-15%) rise in activity. While in E-commerce platforms growth of 35-40% overall. #ganeshpooja #industries #growth #economic_activity #1lakhs_crore #spritual #economic #festival #textile #sweet_industry #Flower_market #religious_business #boost #research #report #bujhansi #India

🎉 How Festivals Drive the Global Economy 🎉 Did you know festivals are more than just celebrations? They play a crucial role in boosting the economy! From retail and tourism to seasonal jobs, festivals create a ripple effect across various sectors. Let's dive into how global festivals, particularly in India, impact the economy: 💡 Key Highlights: 📌 Consumer Spending: Festivals like Diwali fuel retail sales, online shopping, and gold buying. 📌Tourism: Events like Holi and Christmas-New Year parties attract millions of tourists, boosting local economies. 📌Job Creation: From craftsmen to delivery drivers, festivals generate millions of seasonal jobs. 📌Stock Market Impact: Festivals often create optimism, translating into bullish markets. 📊 Case Study - India: With a diverse range of festivals, India sees massive spikes in economic activity. Diwali alone drives sales across industries like electronics, FMCG, and real estate. How do festivals impact your local economy? Let's discuss in the comments! 👇 #Festivals #Economy #Diwali #GlobalEconomy #Business #India #Retail #Tourism #EconomicGrowth

This year's Ganesh Chaturthi is expected to drive a substantial economic boost of ₹25,000 crore. There were approximately 20 lakh Ganesh pandals set up across India, with Maharashtra leading with over 7 lakh, Karnataka with 5 lakh, and Andhra Pradesh, Telangana, and Madhya Pradesh each with 2 lakh. The total expenditure on pandal setups, decorations, and rituals alone is projected to exceed ₹10,000 crore. The festival's economic impact covers several areas : trade in Ganesha idols is expected to generate over ₹500 crore, while flowers, garlands, and coconuts are projected to add another ₹500 crore. Sales of Modaks and other sweets are anticipated to surpass ₹2,000 crore, and catering and food services are likely to bring in nearly ₹3,000 crore. Local tourism and transportation are expected to benefit by about ₹2,000 crore, and retail sales of festival-related merchandise are estimated to reach around ₹3,000 crore. As the festival season continues with Navratri, Dussehra, and Diwali, the Indian economy is set to experience a significant uplift from these festivals. Indian festivals are not just cultural celebrations, but powerful economic drivers, boosting consumer spending and supporting businesses across the country. Data source : CAIT Report, Money Control #india #economy #festival #growth #business

This year's Ganesh Chaturthi is expected to drive a substantial economic boost of ₹25,000 crore. There were approximately 20 lakh Ganesh pandals set up across India, with Maharashtra leading with over 7 lakh, Karnataka with 5 lakh, and Andhra Pradesh, Telangana, and Madhya Pradesh each with 2 lakh. The total expenditure on pandal setups, decorations, and rituals alone is projected to exceed ₹10,000 crore. The festival's economic impact covers several areas : trade in Ganesha idols is expected to generate over ₹500 crore, while flowers, garlands, and coconuts are projected to add another ₹500 crore. Sales of Modaks and other sweets are anticipated to surpass ₹2,000 crore, and catering and food services are likely to bring in nearly ₹3,000 crore. Local tourism and transportation are expected to benefit by about ₹2,000 crore, and retail sales of festival-related merchandise are estimated to reach around ₹3,000 crore. As the festival season continues with Navratri, Dussehra, and Diwali, the Indian economy is set to experience a significant uplift from these festivals. Indian festivals are not just cultural celebrations, but powerful economic drivers, boosting consumer spending and supporting businesses across the country. Follow - Anant Sekhsaria for more! Data source : CAIT Report, Money Control #india #economy #festival #growth #business

As we conclude the vibrant celebrations of Dussehra, let's take a moment to reflect on the festival's significant economic impact. India's "festival economy" experiences a notable surge in consumer spending during such occasions, spanning various sectors like retail, hospitality, travel, and entertainment. Dussehra's rich traditions and cultural importance fuel a wave of consumer activity that benefits local businesses and larger enterprises alike. The sale of festive goods such as traditional attire, sweets, decorations, and gifts witnesses a substantial rise. Moreover, the hospitality sector experiences a surge as families and friends come together for celebrations, leading to increased bookings in hotels and restaurants. Beyond being a cultural celebration, Dussehra serves as a robust economic driver, highlighting the vitality and resilience of the Indian economy. As we are enjoying this festive season, let's acknowledge how these cultural festivities contribute to our economic well-being and social cohesion. #Dussehra #IndianEconomy #FestivalEconomy #PostFestivalAnalysis #EconomicImpact