New Delhi, Feb. 19 -- The Mahakumbh festival in the holy city of Prayagraj is estimated to have generated business of over Rs 3 lakh crore (USD 360 billion) through goods and services, making it one of the biggest economic events in India, Confederation of All India Traders (CAIT) Secretary General and Chandni Chowk MP Praveen Khandelwal said.

Mahakumbh, which happens after 144 years, is being held in Prayagraj from January 13 to February 26, witnessing the arrivals of millions of devotees over these six weeks.

Trade leader and parliamentarian Khandelwal noted that this world's largest human gathering has firmly established the connection between faith and economy.

The Mahakumbh is boosting local trade with a surge in demand for Mahaku...