Rs 11,637 crore! ICC report says ODI World Cup 2023 boosts India's economy by a staggering $1.39 billion

 

The ICC Men's ODI World Cup 2023 significantly impacted India's economy with a contribution of USD 1.39 billion, driven by tourism and media exposure. The event drew record crowds and created thousands of jobs, highlighting India's potential as a premier host for global sports events. The World Cup is expected to have long-term benefits too.

NEW DELHI: The ICC Men's ODI World Cup 2023 contributed USD 1.39 billion (Rs 11,637 crore) to India's economy, according to a report by the International Cricket Council (ICC). The tournament, held from October 5 to November 19, 2023, took place across 10 cities, including Ahmedabad, Bengaluru, Chennai, Delhi, Dharamsala, Hyderabad, Kolkata, Lucknow, Mumbai, and Pune.

Tourism had a major impact, generating USD 861.4 million from accommodation, travel, and food services. International tourists alone contributed USD 281.2 million. Approximately 19% of international attendees were visiting India for the first time. The report also noted that 68% of international visitors would recommend India as a tourist destination.

A record 1.25 million spectators attended the matches, with nearly 75% being first-time viewers of an ICC Men's ODI World Cup. Media exposure provided USD 70.7 million in value for businesses and stakeholders.

The event created over 48,000 jobs in sectors like hospitality and event management, generating an additional USD 18 million for the economy. The broader impact across India, excluding specific host cities, was valued at USD 253.9 million