Cricket World Cup 2023 Added Rs 11,637 Cr to India’s Economy, Created 48K Jobs: Report

The ICC Men’s Cricket World Cup 2023 generated a total of $1.39 billion or Rs 11,637 crore for India’s economy according to a Financial Express report based on a report by the ICC.

The matches of the World Cup were played in Ahmedabad, Bengaluru, Chennai, Delhi, Dharamsala, Hyderabad, Kolkata, Lucknow, Mumbai and Pune. These matches had a positive impact on sectors like hospitality, travel, FMCG and others.

The ICC World Cup led to the generation of $861.4 million in tourism revenue from a total of 1.25 million domestic as well as international spectators. Their secondary spending amounted to another $515.7 million.

The secondary spending included international travelers visiting other tourist destinations, which contributed $281.2 million. These international spectators stayed at the host cities for an average of five nights, with domestic travelers staying for two nights.

Apart from that, the World Cup also generated $70.7 million worth of media impact for businesses and stakeholders.

The World Cup created more than 48,000 full and part time jobs across both the event as well in other organisations, particularly in the hospitality sector, which contributed $18 million towards the economy, according to the report.