Chris Martin of the British band Coldplay performed during the band’s ‘Music of the Spars World Tour’. file. , Photo Credit: PTI
The concerts of the British Rock Band Coldplay in Ahmedabad created an estimated overall economic impact of 641 crores, including a direct promotion of 392 crores for the city’s economy, with a report released on Wednesday, with significant expenses on housing, transport, food and retail,.
With 86% of fans to travel to the host city, Cultural Tourism, City Branding and Mega-Event Infrastructure, EY-Parthen (EY-P), Trigerates a new paradigm for the Cultural Tourism, EY-Parthen (EY-P), major strategy consultancy firm and Bookmisho Live.
Dubbed India’s largest live entertainment spectacle, Coldplay distributed two-night music of The Sparser’s concert in Ahmedabad.
In a significant support for India’s growing concert economy, Prime Minister Narendra Modi said during his address in Ukch Odisha – Make in Odisha Conclave 2025, “In a country with such a rich heritage in music, dance and story, there are a huge opportunities for such a large pool, with such a large pool of youth.
Speaking on the report, Raghav Anand, partner and leader digital, media and convergence, I-Parthenon said, “As we are witness to the dynamic development of India’s live entertainment sector, which has crossed the intersection of Rs 12,000 crore in 2024 and is expected to increase a strong CAGR for surgeing for the next three years. Which craves immersive experiences ”.
According to the report, Ahmedabad concerts distributed significant economic winds, causing an estimated economic impact of ₹ 641 crore in total, including a direct boost of 392 crores in the Ahmedabad economy, including significant expenses on housing, transport, food and retail. This contributed ₹ 72 crore to the Government of India to GST revenue, outlining its powerful fiscal impact.
Published – May 01, 2025 10:23 am IST
