स्थाने हृषीकेश तव प्रकीर्त्या जगत् प्रहृष्यत्यनुरज्यते च। रक्षांसि भीतानि दिशो द्रवन्ति सर्वे नमस्यन्ति च सिद्धसङ्घाः ॥

sthāne hṛiṣhīkeśha tava prakīrtyā jagat prahṛiṣhyaty anurajyate cha rakṣhānsi bhītāni diśho dravanti sarve namasyanti cha siddha-saṅghāḥ

Hrishîkesha! in Thy magnificence Rightly the world rejoiceth, hymning Thee; The Râkshasas to every quarter fly In fear; the hosts of Siddhas prostrate fall.

In plain words: Arjuna says it is right that the world sings Krishna's praise with joy. The evil spirits (Rakshasas) run away in fear, and the perfected holy beings (Siddhas) bow down to him.