Unseen Economic Profile of Cricket World Cup – Billions of Dollars for India

Cricket deserves special attention. Not only the cricket-playing countries of the world but also the attention of the tribal communities have been drawn to cricket. Due to the fact that the grand festival for the world crown of cricket, considered a gentleman’s game, is currently being held in India, the attention paid to it has become more robust. This year, the 13th World Cup will be held. The expectation of cricket fans is to see and enjoy a World Cup cricket tournament. Many people fulfil that desire by going to the stadiums, and a massive number of people take advantage of the opportunity through television and social media.
However, a cricket World Cup tournament is a substantial financial circulation mechanism. Although many do not know, the amount of money that circulates through this kind of tournament is billions of dollars. The exact process has been going on since the beginning of the World Cup tournaments in 1975. However, it has now transformed into a huge movement, a global festival, and a powerful event.
Finding hotel rooms is also tricky.
All the matches (48 matches) of this year’s World Cup cricket tournament have been decided to be held in India, which is a unique achievement for India. These days, renting a hotel room in the areas around the stadiums in India has become a complicated matter. The reason for this is that the demand for hotel rooms has increased. The hotel room price, which could be obtained at a price between 1500 – 2000 Indian rupees, has now exceeded 60,000 Indian rupees. It is worth almost $700.
Meanwhile, the money that India earns from ticket sales alone is close to 2500 crores of Indian rupees. A price of 30-40 lakh Indian rupees has been fixed for a few seconds of advertisement. Also, the match broadcast rights have been sold at a price as high as 12,000 crores of Indian rupees.
Estimated revenue is $2.7 billion.
Thus, the contribution and strength of the Indian economy through the Cricket World Cup tournament is enormous. Accordingly, as a group of economic analysts calculated, the amount that the Indian economy will receive through the World Cup tournament is approximately 2.7 billion US dollars. It is close to 23,000 crores of Indian rupees.
Meanwhile, the Indian reports indicate that the total charges, including room rates and meals in Indian hotels, have increased by about 300%. It is also estimated that the number of flights scheduled to arrive in Ahmedabad, India, between November 15-19 is close to 1000. Measures have been taken to expand the facilities for foreign tourists watching the finals. The final of the World Cup is scheduled to be held in Ahmedabad on the 19th.
This discussion about an unseen aspect of the Cricket World Cup is very important. The benefits of a sports festival like this to a country are unique, and it has grown into a global influence. Even though this is the minimum financial value that India will receive economically for the World Cup, the economic analysts of the country say that the real value is higher than this. It will add billions of dollars of value to India when the total number of people coming into the country includes travel to different regions, cultural ties and values.