Published by sensitrend date : 5/10/2023
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The ICC Men's Cricket World Cup 2023 is all set to begin on Thursday, October 5, with clash between England and New Zealand.
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India proudly hosts this cricket extravaganza from October 5 to November 19, 2023.
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Economists at the Bank of Baroda estimate that the World Cup could inject up to $2.4 billion into India's economy.
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India's festive season aligns with tournament, boosting the retail sector with sentimental purchases.
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Economists predict that the total viewership for the tournament could surpass 552 million, generating substantial revenue.
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Revenue estimates ranging from ₹105 billion to ₹120 billion from TV rights and sponsorships.
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There is also a chance of high inflation from increased demand for hotel rooms, airline tickets, and service fees.
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An increase in inflation of 0.15% to 0.25% is predicted by economists for October and November.
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World Cup will contribute to increased tax collections and fiscal resources for the Indian government.
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