2023 Cricket World Cup Boosts India's Economy

The 2023 Cricket World Cup, hosted in India, generated a remarkable economic impact of USD 1.39 billion (Rs 11,637 crore) according to a report by the International Cricket Council (ICC). This tournament, which ran from October 5 to November 19, was the largest-ever ODI World Cup and saw Australia defeat India in the final. The tourism sector was a significant beneficiary, contributing USD 861.4 million from accommodation, travel, and food services, with 19% of international attendees visiting India for the first time. A record 1.25 million spectators attended the matches, showcasing a high level of engagement, with almost 75% being first-time attendees at a men’s ODI World Cup. The ICC emphasized the tournament's role in boosting various sectors of the Indian economy, driven by substantial direct investments and significant spectator spending.