Akshaya Tritiya

Lord Rishabhdeva and King Shreyans

Gangotri temple in Uttarakhand.

Akshaya Tritiya, also known as Akha Teej, is a Hindu and Jain festival that is celebrated with much fervor across India and in parts of Nepal. It falls on the third Tithi (lunar day) of the bright half (Shukla Paksha) of the Indian month of Vaisakha, which typically falls in late April or early May of the Gregorian calendar. The word "Akshaya" in Sanskrit means "never diminishing," and the day is believed to bring good luck and success. It is considered one of the most auspicious days by Hindus and Jains for starting new ventures, making significant purchases, and investing in precious metals like gold.

Significance

In Hinduism, Akshaya Tritiya is associated with several myths and historical events. One of the most popular beliefs is that it was on this day that Lord Ganesha started writing the epic Mahabharata to Ved Vyasa's dictation. Another legend states that the River Ganges, considered the most sacred river by Hindus, descended to earth from the heavens on this day. The festival is also linked to the Lord Parashurama, the sixth incarnation of Vishnu, who is said to have been born on this day.

For Jains, Akshaya Tritiya commemorates the first Tirthankara, Rishabhanatha, ending his one-year fast by consuming sugarcane juice poured into his cupped hands. This event is seen as a moment of renunciation and is observed by Jains through fasting and charity.

Celebrations

The celebrations of Akshaya Tritiya vary regionally but commonly include the buying of gold, as it is believed that purchasing gold on this day ensures everlasting prosperity. People also start new business ventures, buy property, and engage in charity to ensure that the good fortune continues to grow. In temples, special pujas (prayers) are conducted, and devotees participate in ceremonial baths, Sankalpa (resolution), and Annadana (food donation).

Traditions

One of the key traditions of Akshaya Tritiya is the worship of Lakshmi, the Hindu goddess of wealth, and Ganesha, the god of wisdom and obstacle remover, to invoke their blessings for success and prosperity. In some regions, farmers start plowing their land on this day, symbolizing the beginning of a new agricultural cycle.

Marriages conducted on Akshaya Tritiya are considered especially auspicious, and many Hindu families plan wedding ceremonies to coincide with this date. The day is also considered propitious for performing the Griha Pravesh (house warming) ceremony.

Economic Impact

The festival has a significant economic impact, particularly in the gold market, as the demand for gold jewelry and coins surges. Retailers and jewelers offer special discounts and launch new designs to attract customers. The day also sees an increase in the booking of real estate and vehicles.

Criticism and Environmental Concerns

While Akshaya Tritiya is celebrated with great enthusiasm, it has faced criticism for promoting consumerism, particularly in the purchase of gold, which has environmental and ethical implications. The mining and extraction of gold have been linked to environmental degradation, and the demand for gold on Akshaya Tritiya exacerbates these issues.

Conclusion

Akshaya Tritiya remains a deeply significant festival for Hindus and Jains, symbolizing hope, prosperity, and the eternal values of charity and piety. Despite the criticisms, it continues to be celebrated with traditional fervor, reflecting the rich cultural heritage of India.