Muslims across the world are celebrating the festival of Eid-ul-Zuha (Bakrid), which is also known as Eid-al-Adha or Eid-ul-Adha. Eid al-Adha is celebrated on the tenth day of the Islamic month of Zul Hijjah and is celebrated for three days. The festival is celebrated with utmost joy and excitement. It is also referred to as the festival of sacrifice.
About 20 crore Indian Muslims will celebrate Bakrid on 1st Aug. 2020. Assuming 10% Muslims sacrifice goats costing average Rs 8000/- each…
2 crore goats x Rs. 8000 = Rs. 16,000 crores.
Who will get benefit from the economics of this scale…
Not Chinese, Not MNCs.
100% Desi rural economics – only and only farmers in rural India will get benefitted.
If one farmer manages around 5 goats a year then 2 cr ÷ 5 = 40 lac farmers get employment / additional income.
Thus Bakrid contributes to rural economy of Rs 16,000 crore plus providing employment / generate additional income for about 40 lacs small farmers.
In addition, goat meat is distributed among the poors and one goat meat is consumed by about 20 people. Thus Bakrid provides food to 2 crore x 20 people = 40 crore people …Poors from various communities are thus benefited.
Key Economical benefits of Bakrid
Business – Rs 16,000 cr
Free Food – 40 cr people
Employment / Additional Income – 40 lac people
This is the bare minimum estimate. Actual figures can be close to double of the above considering the sacrifices of buffaloes in many parts of India.