Meaning
Shri Ram Jai Ram Jai Jai Ram is counted in tradition as the thirteen syllable Ram taraka mantra, carried in Hindi and Sanskrit devotion alike. Shri is the honorific of grace, Ram names the prince of Ayodhya whom Vaishnavas worship as Vishnu descended, and jai is the cry of victory. Repeated, the line becomes less a statement than an unbroken salutation.
श्री राम की जय हो, विजय का उद्घोष।