A STUDY ON TEMPLE ECONOMY CONTRIBUTE TO INDIAN ECONOMY WITH SPECIAL REFERENCE TO COIMBATORE AND TIRUPUR CITY

This research delves into the financial impact of temples on the Indian economy, concentrating particularly on the cities of Coimbatore and Tirupur. The aim of this research was to pinpoint various income streams for the temple, assess its economic impact, and explore the challenges faced by the temple. A mixed-methods approach was employed, gathering data via surveys and analyzed through simple percentage analysis, ranking analysis, and Likert scale analysis. The findings reveal that Temples garner considerable income from donations, fee commissions, and the sale of Prasad and Pooja supplies. Additionally, issues related to financial management and sponsorship were identified as significant hurdles. Respondents rated financial management and sponsorship as the temple's fore majority challenges. Recommendations from this study advocate for temples to implement robust financial management strategies and seek alternative funding sources to sustain their economic contributions. Keywords: temple economy, Indian economy, financial management, economic contribution