Here’s how much Indian economy benefitted from ICC World Cup 2023
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**DUBAI:** The International Cricket Council (ICC) released a new economic report on Wednesday highlighting the substantial economic impact of the Men’s Cricket World Cup 2023, revealing that the tournament delivered a significant boost to India's economy.
According to the report, hosting the World Cup generated an impressive USD 1.39 billion (INR 11,637 Crores) for India. The ICC Men’s Cricket World Cup 2023 Economic Impact Assessment, conducted by Nielsen, noted that this edition of the ODI World Cup was the largest ever.
“The ICC Men’s Cricket World Cup 2023 has showcased cricket’s immense economic potential, contributing USD 1.39 billion to India’s economy,” stated ICC Chief Executive Geoff Allardice.
The report further detailed that a record 1.25 million fans attended the tournament, with 75 percent experiencing a 50-over Men’s World Cup for the first time. Of the international spectators, 55 percent had previously visited India, while 19 percent were new visitors to the country.
Tourism in the host cities generated USD 861.4 million through accommodation, travel, transportation, and food and beverages, driven by both domestic and international tourists attending the matches. Secondary and incremental spending within the economy contributed USD 515.7 million, accounting for approximately 37 percent of the total impact.
International visitors also spent USD 281.2 million exploring various tourist destinations during their stay, with nearly 68 percent indicating they would recommend India as a tourist destination to friends and family, further enhancing the country’s global image.
Additionally, the World Cup resulted in the creation of over 48,000 full and part-time jobs.
“The event not only generated thousands of jobs but also highlighted India as a leading tourist destination, proving that ICC events engage fans passionately while making a substantial contribution to the host nations' economies,” Allardice added.
In the final, Australia defeated the unbeaten India at the Narendra Modi Stadium in Ahmedabad to claim their sixth ODI World Cup title.
