“The excitement is building as India plays host to the ICC Cricket WorldCup 2023, and economic experts are predicting a financial windfall for thecountry.
According to reports from the Bank of Baroda and other financialinstitutions, hosting this mega cricket event is expected to inject astaggering Rs 22,000 crore into India’s economy.
Economists have expressed optimism that the ICC Cricket World Cup, whichkicked off on October 5 and will run until the middle of November, willprovide 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 traveland 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 throughoutthe three-month event.
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The retail sector is expected to see a surge in buying and selling ascricket fever grips the nation.
Additionally, experts predict that this year’s tournament will surpass the552 million viewership mark set in 2019.
Higher viewership on television and streaming platforms is anticipated togenerate revenue ranging from 10,000 to 12,000 crores.
This surge in viewership is poised to benefit advertisers and broadcastersalike.”