Tourism Finance And Temple Economics: Shaping India’s Religious Tourism Landscape

Abstract

This paper explores the intricate relationship between tourism finance and temple economics in shaping India’s religious tourism landscape. India, a country rich in spiritual heritage and diverse religious practices, attracts millions of domestic and international tourists annually to its temples. However, the financial dynamics surrounding temple tourism remain underexplored. By examining various funding models employed by religious institutions, public-private partnerships, and government initiatives, this study illustrates how financial strategies fundamentally impact infrastructure development, visitor services, and spiritual experiences. Furthermore, it delves into the socio-economic implications of temple-based tourism on local communities, including job creation, community development, and cultural preservation. The findings reveal that sustainable financing mechanisms not only enhance the viability of religious tourism but also ensure the preservation of cultural heritage and local ecosystems. Ultimately, this analysis offers recommendations for policymakers, religious authorities, and tourism operators to collaboratively enhance the sector's growth, ensuring it aligns with broader development goals. By bridging the gap between tourism finance and temple economics, this paper contributes to a better understanding of how religious tourism can be leveraged to promote economic prosperity while respecting India's rich spiritual traditions.