Ayodhya Ram Mandir: 10

interesting facts that you need

to know
10 fascinating facts about Ayodhya Ram Mandir that
you should be aware of:
We look at some of the most crucial information you should know about the
temple as Ayodhya gets ready to hold the grand opening of Ram Mandir on
January 22.
India's largest temple: Based on its architectural layout, the soon-to-be-
opened Ram Mandir is expected to grow to be the biggest temple in all of India.
The Sompura family, who designed the temple, said that Ashish Sompura,
Chandrakant Sompura's son, came up with the architectural blueprints thirty
years ago. The family estimates that the temple will be 28,000 square feet in
size and rise to a height of about 161 feet.
The sacred foundation: Since hallowed dirt from 2587 places was brought in
to build the Ram Mandir, its foundation has great spiritual importance. Jhansi,
Bithoori, Haldighati, Yamunotri, Chittorgarh, Golden Temple, and numerous
more sacred sites were among the noteworthy locations.
The designers: They are said to be members of the renowned Sompura
dynasty, who have built over 100 temples across the world, including the holy
Somnath Temple. Under the direction of main architect Chandrakant Sompura
and with the help of his sons Ashish and Nikhil, they have left a legacy in
temple architecture that will last for many years.
No steel or iron used: According to numerous accounts, the Ram Mandir was
constructed entirely of stones; neither steel nor iron were used.
Bricks with the holy inscription "Shri Ram": It's interesting to notice that
the bricks used to build the Ram Mandir have this inscription. This promises
improved strength and durability for the contemporary version of these bricks,
echoing an old technique used during the construction of Ram Setu.
Soil from Thailand: In an act of global spiritual solidarity, soil from Thailand
has been sent for Ram Lalla's consecration ceremony on January 22, 2024.
This serves to further emphasize how Lord Ram's legacy is resonant
everywhere, regardless of geographic boundaries.
The temple's unique feature is its three storeys, which span 2.7 acres.
The ground floor shows the life of Lord Ram, while the first floor immerses
visitors in the magnificence of Lord Ram's Darbaar, which is made of pink
sandstone from Rajasthan's Bharatpur, known as Bansi Paharpur. This temple
measures 360 feet long, 235 feet wide, and 161 feet tall at its tallest point. With
twelve gates and three stories, it is a magnificent example of opulent
architecture.
Holy rivers' contribution: Further reports state that holy water from 150
rivers in India was used for the consecration ceremony on August 5.
Time capsule for posterity: A copper plate containing pertinent details about
the temple, Lord Ram, and Ayodhya will be placed in a time capsule buried
2,000 feet below the temple to preserve the temple's identity for future
generations.
Nagar style architecture: The temple is a masterwork of architectural
elegance, with 360 pillars in the Nagar style, adding to its visual appeal.
2.
By 2030, India's Discretionary Consumption Is Expected to Reach USD 2
Trillion: Barclays
According to a Barclays analysis, India is set to become a global economic
powerhouse, with consumers anticipated to be the main drivers of growth.
According to the report, by 2030, India's total discretionary consumption is
expected to quadruple to USD 2 trillion.
In comparison to most large consumer-led economies, consumption already
accounts for a larger portion of the Indian GDP (58%). This, along with an
anticipated population boom in India, indicates that the nation's consumption
is ready for growth on par with the rest of the world, according to a research
released on Wednesday by Rahul Bajoria, MD & Head of EM Asia (ex-China)
Economics at Barclays.
According to the report, even before GDP parity, India's private consumption
expenditure (PCE) will surpass China's nominal consumption in 2022 by FY34.
This increase is linked to the population growth in the 25-45 age group.
Barclays points out that if income increases more quickly, there may be more
rapid shifts in consumer preferences.

The research does, however, draw attention to related issues that might have
an influence on macro stability and suggests the need for counterbalance
measures including greater exports, quicker local manufacturing capabilities,
and better domestic finance.

According to the study, increased exports can counteract rising imports and
promote macroeconomic stability. Barclays underscores the need of
augmenting domestic finance capacities to bolster the growth of the
manufacturing sector.

The requirements needed for India to attain consistent growth are covered in
the report's conclusion. The government's initial advance estimate for FY24
places the country's GDP growth at 7.3%.
 India's Discretionary Consumption Boom: Reaching USD 2 Trillion by 2030

India's economy is on a tear, and its discretionary consumption is projected to be a

major driver of this growth in the coming decade. By 2030, India's discretionary
spending is expected to reach a staggering USD 2 trillion, according to a recent report
by Barclays. This represents a more than threefold increase from the current level of
USD 650 billion.

What is driving this consumption boom?

Several factors are contributing to India's rising discretionary consumption:

 Rising incomes: India's middle class is expanding rapidly, and disposable incomes are
rising along with it. This is giving consumers more money to spend on non-essential
goods and services.
 Urbanization: As more people move to cities, they are exposed to new lifestyles and
products, which can fuel their desire to spend.
 Changing demographics: India has a young population, with over 60% of the population
under the age of 35. This age group is typically more willing to spend and experiment
with new products.
 Technological advancements: The rise of e-commerce and mobile internet has made it
easier for consumers to shop and access a wider range of products and services.

What are the implications of this consumption boom?

India's rising discretionary consumption is likely to have a significant impact on the

country's economy. It will create new jobs, boost investment, and lead to the growth of
new industries. For example, the retail sector is expected to see significant growth, as
well as sectors like tourism, leisure, and entertainment.

Challenges and opportunities

While India's consumption boom presents a number of opportunities, there are also
some challenges that need to be addressed. One challenge is ensuring that the benefits
of this growth are evenly distributed. If the fruits of consumption are only enjoyed by a
select few, it could lead to social unrest. Another challenge is ensuring that the
 environment is not harmed by increased consumption. India will need to find ways to
promote sustainable consumption practices.

Despite the challenges, India's consumption boom is a positive development for the
country. It is a sign of a growing economy and rising living standards. By addressing the
challenges and seizing the opportunities, India can ensure that its consumption boom
leads to a more prosperous and equitable future for all.

Here are some of the sectors that are likely to benefit from India's rising
discretionary consumption:

 Retail: The retail sector is expected to grow rapidly, driven by the increasing demand for
consumer goods. This will create new jobs in stores, warehouses, and distribution
centers.
 Tourism: India's tourism industry is also expected to benefit from the rise in
discretionary spending. As more people have money to travel, they are likely to explore
new destinations, both within India and abroad.
 Leisure and entertainment: The leisure and entertainment sector is another area that is
likely to see significant growth. This includes things like movies, restaurants, theme
parks, and sporting events.
 Financial services: As people's incomes rise, they will also have more need for financial
services such as banking, insurance, and investment advice.

India's consumption boom is a major trend that is worth watching. It has the potential to
transform the country's economy and improve the lives of millions of people.

New

By 2030, India's Discretionary Consumption Is

Expected to Reach USD 2 Trillion: Barclays
India's economy is on a tear, and its optional utilization is projected to be a
significant driver of this development in the approaching 10 years. By 2030,
India's optional spending is supposed to arrive at a stunning USD 2 trillion, as
per a new report by Barclays. This addresses a more than triple increment from
the ongoing degree of USD 650 billion.
What is driving this utilization blast?
A few elements are adding to India's rising optional utilization:
Rising wages: India's working class is growing quickly, and dispensable
earnings are ascending alongside it. This is giving buyers more cash to spend
on unnecessary labor and products.
Urbanization: As additional individuals move to urban communities, they are
presented to new ways of life and items, which can fuel their longing to spend.
Evolving socioeconomics: India has a youthful populace, with more than 60%
of the populace younger than 35. This age bunch is regularly more ready to
enjoy and explore different avenues regarding new items.
Mechanical headways: The ascent of web based business and versatile web
has made it more straightforward for customers to shop and access a more
extensive scope of items and administrations.
What are the ramifications of this utilization blast?
India's rising optional utilization is probably going to essentially affect the
nation's economy. It will make new positions, support venture, and lead to the
development of new businesses. For instance, the retail area is supposed to see
critical development, as well as areas prefer the travel industry, recreation, and
amusement.
Difficulties and potential open doors
While India's utilization blast presents various open doors, there are
additionally a provokes that should be tended to. One test is guaranteeing that
the advantages of this development are uniformly circulated. In the event that
the products of utilization are just delighted in by a chosen handful, it could
prompt social distress. Another test is guaranteeing that the climate isn't hurt
by expanded utilization. India should track down ways of advancing
economical utilization rehearses.
Regardless of the difficulties, India's utilization blast is a positive improvement
for the country. It is an indication of a developing economy and rising
expectations for everyday comforts. By tending to the difficulties and quickly
jumping all over the chances, India can guarantee that its utilization blast
prompts a more prosperous and impartial future for all.
Here are a portion of the areas that are probably going to profit from
India's rising optional utilization:
Retail: The retail area is supposed to develop quickly, determined by the rising
interest for customer products. This will make new positions in stores,
stockrooms, and circulation focuses.
The travel industry: India's travel industry is likewise expected to profit from
the ascent in optional spending. As additional individuals have cash to travel,
they are probably going to investigate new objections, both inside India and
abroad.
Relaxation and diversion: The recreation and amusement area is another
region that is probably going to see critical development. This incorporates
things like motion pictures, cafés, amusement stops, and games.
Monetary administrations: As individuals' wages rise, they will likewise have
more requirement for monetary administrations like banking, protection, and
speculation exhortation.
Conclusion: India's utilization blast is a significant pattern that merits
watching. It can possibly change the nation's economy and work on the
existences of millions of individuals.