vividhāni - various; iha - in this world; karmāṇi - material activities; janayan - generating; yat - by whose; avekṣayā - grace; īhate - endeavors; yat - inasmuch; ayam - this world; sarvaḥ - entire; śreyaḥ - for the ideals; dharma-ādi - religiosity and so on; lakṣaṇam - characterized as.

He creates the many activities of this world, and thus by His grace the whole world endeavors for the ideals of religiosity, economic development, sense gratification and liberation.