Tuesday, December 5, 2023
Tuesday, December 5, 2023
HomeINB EnglishCricket World Cup 2023 will increase India's GDP! How?

Cricket World Cup 2023 will increase India’s GDP! How?

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The Cricket World Cup, which started on Thursday, is expected to generate a business of 18,000 to 22,000 crore rupees in the country. During this period, people involved in various aspects of the event, including laborers and management, could earn up to 1,000 crore rupees. It is estimated that the business related to food delivery and screening could reach around 5,000 crore rupees. According to a report by Bank of Baroda, the sale of match tickets could generate 2,200 crore rupees. Television sponsorship is expected to bring in the most significant amount, ranging from 10,500 to 12,200 crore rupees, while teams could spend around 250 crore rupees. According to the report, the World Cup could generate revenue of 600 crore rupees from foreign tourists and 250 crore rupees from domestic tourists. According to the report, merchandise business could amount to 200 crore rupees, and spectators’ spending could reach 500 crore rupees. Cricket frenzy in the country attracts people from all walks of life and age groups. Therefore, it is expected to have a positive impact on the current fiscal year’s GDP. The impact of the 2019 World Cup in England was seen on their GDP. The service and hospitality sectors, as well as the transportation industry, are expected to benefit the most from this event.

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