India Likely to Earn $ 2.6 Billion From Cricket World Cup Hosting

By
Umair
Published November 06, 2023

India Likely to Earn $ 2.6 Billion From Cricket World Cup Hosting


India is set to reap a significant financial windfall from hosting the ICC Men's Cricket World Cup 2023, with economists estimating that the tournament could boost the country's economy by as much as 220 billion rupees ($2.6 billion).

The World Cup, which is being held across 10 cities in India, is expected to attract large numbers of domestic and international fans. This influx of visitors is expected to generate substantial revenue for the travel, hospitality, and retail sectors.

In addition, the tournament is expected to boost India's image as a global sporting destination. This could lead to increased investment in sports infrastructure and the development of new sporting events.

The World Cup is also expected to have a positive impact on employment. The tournament is expected to create thousands of jobs in the hospitality, retail, and transportation sectors.

Overall, the Cricket World Cup is expected to be a major economic boon for India. The tournament is expected to boost the economy, create jobs, and enhance India's global reputation.

Here are some of the specific ways in which India is expected to benefit from hosting the World Cup:

  • Increased tourism revenue: The tournament is expected to attract over 1 million international tourists to India. These tourists are expected to spend an average of $2,000 per person, generating over $2 billion in revenue for the tourism industry.
  • Increased hospitality revenue: The tournament is expected to generate over 1 million hotel room nights. This will generate over $1 billion in revenue for the hospitality industry.
  • Increased retail revenue: The tournament is expected to generate over $1 billion in retail sales. This will benefit a wide range of businesses, including restaurants, bars, and souvenir shops.
  • Increased employment: The tournament is expected to create over 100,000 jobs. These jobs will be in a variety of sectors, including hospitality, retail, transportation, and security.
  • Enhanced global reputation: The tournament will provide India with an opportunity to showcase its culture and infrastructure to the world. This will help to enhance India's global reputation and attract more foreign investment.
Cricket World Cup India economy tourism hospitality retail employment infrastructure global reputation


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