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HomeEconomyIndian economy earned ₹ 11,736 crores from World Cup 2023: ICC report reveals –...

Indian economy earned ₹ 11,736 crores from World Cup 2023: ICC report reveals – 48 thousand people got jobs in 2 months

The International Cricket Council (ICC) said that the 2023 ODI World Cup benefited India's economy by Rs 11,736 crore. The ICC revealed this in a report on Wednesday. During the World Cup, about 48 thousand people also got full time and part time jobs. All the matches of the World Cup were held in India, Australia won the title by defeating India in the final. India had won all 10 matches till the semi-finals, but the team had to face defeat at the Narendra Modi Stadium in Ahmedabad. Research conducted by a New York company ICC said that the Nelson Company of New York prepared a research report based on the information received from ICC and BCCI. ICC said that India's business sector benefited greatly from upgrading the stadium and providing new facilities for the tournament. 12.50 lakh people went to the stadium to watch the matches ICC said that a record 12.50 lakh people went to the stadium to watch the ODI World Cup. Of which 75% spectators had come to watch the ODI World Cup match for the first time. Not only this, 19% of the foreigners came to India for the first time just to watch the World Cup. Whereas 55% of the foreign spectators had come to India earlier as well. Tourist destinations also benefited Tourist destinations in India also benefited from the arrival of international spectators. Tourist destinations made a profit of Rs 2,361 crore during the World Cup. During this, cities with stadiums earned a profit of Rs 2132 crore. 48 thousand people got employment ICC further said that about 48 thousand people got full time and part time jobs from the Men's Cricket World Cup. Due to which the hospitality sector benefited by Rs 151 crore. While branding and team kits generated a revenue of Rs 593 crore for the media business. At the same time, a revenue of Rs 7233 crore was generated from travel, transportation and food. The World Cup was held in 10 cities The 2023 ODI World Cup was organized in 10 cities of India from 5 October to 19 November. 10 teams played 9 matches each in the league stage. The first semi-final was played between India and New Zealand in Mumbai, while the second semi-final was played between Australia and South Africa in Kolkata. Australia won the title by defeating India by 6 wickets in the final held in Ahmedabad.

Graphics Source: VaskarAssets

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