The Statue of Unity in Gujarat has become one of Indiaβs biggest tourist attractions. Because of that, it generates strong revenue from:
- π« Entry tickets
- π‘ Viewing gallery tickets & attractions (e.g., valley of flowers, boat rides, etc.)
- π Parking & transport
- π¨ Hotels, food courts, local shops (indirect income)
π Approx Visitor Numbers & Income Estimate
Since its opening in late 2018:
- The statue attracts around 50β60 lakh visitors in a good year
- Ticket prices differ by category β on average around βΉ150ββΉ1000 per visitor depending on package
Using a rough average calculation:
π 50 lakh visitors Γ βΉ200 average = βΉ100 crore per year (approx)
So, the direct earning from visitors is estimated around:
β βΉ80 β βΉ120 crore per year (approx direct revenue)
π Cumulative Income Estimate
Considering 5β6 years since launch:
β Around βΉ400 β βΉ500 crore earned (combined estimate)
(Direct ticket revenue + other basic tourism charges)
π Indirect Economic Benefits
Apart from ticket sales, tourism brings money into local economy:
| Area | Impact |
|---|---|
| Hotels & Homestays | Big boost in bookings |
| Food & Restaurants | More revenue for locals |
| Transport & Taxis | Lots of demand |
| Local Shops | Souvenirs & handicrafts sell more |
| Employment | Thousands of local jobs created |
Indirect earnings often become 2 to 3 times higher than direct revenue.
So, total economic impact could be:
π’ βΉ1,000 β βΉ1,500 crore over the years (approx economic value created)
π§ In Simple Words
The Statue of Unity has turned into a major tourism engine β earning over βΉ100 crore per year directly and boosting the regional economy massively.
π Future 10-Year Revenue Projection
(Direct tourism revenue only: tickets + basic attraction fees)
πΉAssumptions Used (simple + realistic)
- Current revenue range: βΉ80β120 crore/year
- Visitor growth: 5% per year
- Ticket & attraction fee adjustment: increase slowly with inflation
- No major disruption (like pandemic)
π Projection Table (Next 10 Years)
| Year | Estimated Visitors Growth | Estimated Revenue (βΉ Crore) |
|---|---|---|
| 2025 | Base Year | 100 |
| 2026 | +5% | 105 |
| 2027 | +5% | 110 |
| 2028 | +5% | 115 |
| 2029 | +5% | 120 |
| 2030 | +5% | 126 |
| 2031 | +5% | 132 |
| 2032 | +5% | 138 |
| 2033 | +5% | 145 |
| 2034 | +5% | 152 |
| 2035 | +5% | 160 |
β 10-Year Total Estimated Direct Earnings
π βΉ1,300 β βΉ1,400 crore approx.
π Add Indirect Economic Growth
Local area benefits (hotels, food, taxis, shops) usually add:
π 2β3 times of direct tourism revenue
So total 10-year overall economic impact could reach:
π’ βΉ3,000 β βΉ4,000 crore (approx)
ποΈ Why Earnings Will Likely Increase
| Driver | Impact |
|---|---|
| New attractions | More spending per tourist |
| Better connectivity (rail, airport) | Higher footfall |
| More hotels & resorts | Longer stays |
| Brand value and international tourism | Global revenue boost |
π§ In Simple Words
Over the next decade, Statue of Unity tourism can bring over βΉ1,300 crore directly and βΉ4,000 crore including indirect benefits β a big return for Indiaβs tourism sector.
