How much money India is going to earn from ICC World Cup 2023?
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"The excitement is building as India plays host to the ICC Cricket World Cup 2023, and economic experts are predicting a financial windfall for the country.
According to reports from the Bank of Baroda and other financial institutions, hosting this mega cricket event is expected to inject a staggering Rs 22,000 crore into India's economy.
Economists have expressed optimism that the ICC Cricket World Cup, which kicked off on October 5 and will run until the middle of November, will provide a significant economic boost.
The matches are scheduled to take place in 10 cities across the nation, drawing large crowds of both local and international cricket enthusiasts.
This influx of visitors is expected to drive revenue not only in the travel and hospitality sectors but also in various other industries.
With India hosting the ICC Cricket World Cup for the first time since 2011, economists are forecasting robust activity in the retail sector throughout the three-month event.
The retail sector is expected to see a surge in buying and selling as cricket fever grips the nation.
Additionally, experts predict that this year's tournament will surpass the 552 million viewership mark set in 2019.
Higher viewership on television and streaming platforms is anticipated to generate revenue ranging from 10,000 to 12,000 crores.
This surge in viewership is poised to benefit advertisers and broadcasters alike."
