ODI World Cup 2023: Can inject $2.4 billion into Indian economy

Cricket is dear to the hearts of Indian supporters. The 13th edition of the ODI World Cup will be entirely hosted by India for the first time after 12 thrilling editions.

The Board of Control for Cricket in India (BCCI), the richest cricket organisation in the world, has done all possible to make the renowned event a sight to behold. The atmosphere is electric as the event kicks off on Thursday, October 5, with defending champions England taking on New Zealand in Ahmedabad.

The World Cup will not only bring some of the best cricket players in the world to India, but it will also be financially advantageous for that nation. As per the Bank’s economists According to Bank of Baroda, the 10-team competition might contribute up to 200 billion rupees ($2.4 billion) to the economy of the host nation. According to a note from economists Jahnavi Prabhakar and Aditi Gupta, many fans from around the world would go to India to support their beloved teams, which will surely be good for the travel and hospitality industries.

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During the ODI World Cup in 2023, inflation could increase

The ODI World Cup 2023 will take place between October 5 and November 19, which is around India’s festive season. As a result, Prabhakar and Gupta believed, “sentimental purchases of merchandise” would increase, which would be advantageous for the retail sector.

According to analysts, service charge rates could increase in Inflation in the 10 host cities could increase by 0.15 to 0.25 percent in the months of October and November. Hotel accommodations and plane tickets are already significantly more expensive.

On Sunday, October 8, India will face the five-time champions Australia to start their campaign in the main event.

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