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Rs 11,637 crore! ICC report says ODI World Cup 2023 boosts India’s economy by a staggering $1.39 billion | Cricket News – Times of India
The recently concluded ODI World Cup 2023, hosted by India, has not only been a feast for cricket enthusiasts but also a significant booster for the country’s economy. According to a report released by the International Cricket Council (ICC), the tournament has contributed a staggering Rs 11,637 crore or $1.39 billion to India’s economy. This economic windfall underscores the monumental impact of hosting global sporting events, especially in a cricket-frenzied nation like India.
Economic Impact of ODI World Cup 2023
The ICC’s comprehensive report sheds light on various sectors that benefited from the mega event, with tourism being one of the biggest winners. The influx of international visitors, combined with the domestic travel of fans across the country to attend matches, has significantly boosted the tourism industry. This surge in tourism has had a ripple effect on various other sectors, including hospitality, transport, and retail.
Moreover, the report highlights the creation of over 48,000 jobs linked directly or indirectly to the World Cup. This includes employment opportunities in event management, security, hospitality, and various other services, showcasing the diverse economic impact of hosting such an event.
Positive Outcomes Beyond the Field
The success of the ODI World Cup 2023 in India is not limited to the economic benefits alone. The tournament has also helped in enhancing India’s global image and positioning it as a capable host for international events. The smooth execution of the World Cup, despite the logistical challenges posed by the vast geography of India and the complexities involved in hosting teams and fans from around the world, has garnered praise from all quarters.
Implications for Future Events
The ICC report’s findings have far-reaching implications for India’s ambitions to host more international sporting events in the future. The successful hosting of the ODI World Cup 2023 has set a precedent for what India is capable of, potentially paving the way for more such events to be held in the country. This could further boost India’s economy and enhance its global sporting reputation.
Furthermore, the economic success story of the ODI World Cup 2023 could also encourage other countries to invest in sports infrastructure and bid for hosting rights of major tournaments, recognizing the potential economic benefits.
Conclusion
The ICC’s report on the economic impact of the ODI World Cup 2023 in India reveals the massive potential of global sporting events in driving economic growth. With a direct impact of Rs 11,637 crore on India’s economy and the creation of over 48,000 jobs, the tournament has set a benchmark for the economic benefits of hosting major sporting events. As India looks forward to hosting more international tournaments in the future, the success of the ODI World Cup 2023 serves as a testament to the country’s capabilities and the untapped potential in the sports sector.
For those interested in the detailed findings, the ICC’s full report offers in-depth insights into the economic benefits reaped from hosting the tournament, further solidifying the argument for investing in sports infrastructure and hosting rights for global events.
With the conclusion of the ODI World Cup 2023, India not only celebrated the spirit of cricket but also the significant economic rewards that come with hosting such a prestigious tournament.
