Is There Symbolic Significance To The Appearance Of Narasimha

“Shri Hari, who is the Lord of the demigods, who is worshiped by the people of the world, for benefiting the moving and nonmoving beings of the world took that dreadful form through His own energy and tore apart Hiranyakashipu, who caused suffering to so many, with His nails.” (Narasimha Purana, 44.43)