There will be rain of money from Cricket World Cup, Rs 20 thousand crore will come into the account of Indian economy.

India will start its World Cup campaign in the Cricket World Cup on 8 October (Sunday) against Australia at the MA Chidambaram Stadium in Chennai. This year this event will be organized from 5 October to 19 November.

Cricket World Cup 2023 has started. For 48 days, 48 ​​matches including the final will be played in 10 cities of the country. There will be rain of fours and sixes on some ground or the other. The Indian economy will be drenched in money. Yes, this is not a story or a dream. Economists of Bank of Baroda estimate that the ICC Cricket World Cup, which started on Thursday, will benefit India's economy by 2.4 billion dollars i.e. 20 thousand crore rupees.

Festival atmosphere in the country

According to economists, this event, which is being organized in India for the first time since 2011. The special thing is that the World Cup is being organized at a time when there is a festival atmosphere in the country. Due to which the retail sector will benefit. Also, people are likely to make more purchases. Economists expect the total Indian viewership for the tournament, including both television and streaming platforms, to be much higher than the 552 million watched in 2019. The viewership can generate Rs 105 billion to Rs 120 billion in TV rights and sponsors revenue.

Inflation may increase in the country

The Bank of Baroda economist also predicted that the ICC Cricket World Cup could also cause inflation. This is because airline tickets and hotel fares have increased during this period, and the informal sector in the 10 host cities may see an increase in service charges. Overall, inflation may increase between 0.15 percent to 0.25 percent in October and November. Economists said the big cricket tournament will also support the exchequer through increased tax collection on ticket sales, GST on hotels, restaurants and food distribution, which will generate additional earnings for the country.

Government will earn from GST

The first match of the Cricket World Cup was played between England and New Zealand on Thursday (5 October). Hosts India will start their World Cup campaign against Australia on October 8 (Sunday) at the MA Chidambaram Stadium in Chennai. This year this event will be organized from 5 October to 19 November. The last time India hosted the 50-over World Cup was in 2011 and they won. The last three World Cup winners have been hosts.