yaḥ - who; vai - indeed; bhārata-varṣe - in the holy land of Bhārata (India); asmin - this; kṣemāya - for the welfare in this life; svastaye - and for the welfare in the next life; nṛṇām - of men; dharma - with maintenance of religious standards; jñāna - spiritual knowledge; śama - and self-control; upetam - enriched; ā-kalpāt - from the very beginning of Lord Brahmā's day; āsthitaḥ - executing; tapaḥ - austerities.

From the very beginning of Brahmā’s day Lord Nārāyaṇa Ṛṣi has been undergoing austere penances in this land of Bhārata while perfectly performing religious duties and exemplifying spiritual knowledge and self-control — all for the benefit of human beings in both this world and the next.