2023 Cricket World Cup Boosts India's Economy
2023 Cricket World Cup Boosts India's Economy
2023 Cricket World Cup Boosts India's Economy
News summary

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.

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