ICC Cricket World Cup 2023
According to a report by the International Cricket Council (ICC), the ICC Men’s Cricket World Cup 2023, the biggest Cricket World Cup to date, had a remarkable economic impact of $1.39 billion (Rs 11,637 crore) on the Indian economy.
The quadrennial event also broke the record for the highest-attended ICC event, with a total of more than 1.25 million spectators attending the 50-overs World Cup.
Pat Cummins
Host cities driving growth across multiple sectors
The tournament was held in ten different Indian cities – Ahmedabad, Bengaluru, Chennai, Delhi, Dharamsala, Hyderabad, Kolkata, Lucknow, Mumbai and Pune. All of these contributed to growth in various sectors, which ultimately boosted the country’s economy and demonstrated how hosting a global sporting event can benefit a nation’s economy.
Direct investment from ICC and BCCI
Another benefit for various business sectors in India came from a process of modernisation of many host stadiums, which received direct investments from the Board of Control for Cricket in India and the ICC. The stadiums were modernised to ensure a hassle-free experience for fans across the country.
Tourism: An important factor for growth
Tourism in the host cities generated a substantial $861.4 million in revenue from accommodation, travel, transportation and food and beverage due to the significant influx of domestic and international tourists attending the matches.
Secondary and incremental spending added $515.7 million, representing 37 percent of the total economic impact.
The 13th edition also broke television and digital audience records, making this World Cup a memorable one for both players and spectators.
First published: September 11, 2024 | 16:51 IS
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