Here's a breakdown:
* आशी (āśī): means "prosperity," "well-being," or "good fortune."
* र्वाद् (rvāda): is a suffix that indicates "giving" or "bestowing."
Therefore, āśīrvāda literally means "bestowing prosperity," or "blessing" in a general sense.
Other related words:
* शुभेच्छा (śubhecchā): "good wishes"
* मंगल (mangala): "auspiciousness," "good fortune"
* कल्याण (kalyāṇa): "welfare," "goodness"
These words are often used in the context of blessings or wishes for someone's well-being.