Coldplay Concerts in Ahmedabad Generate Rs 641 Crore Economic Impact

British rock band Coldplay recently performed in Ahmedabad, and their concerts had a huge impact on the city’s economy. A report shared this week shows that the concerts brought in about Rs 641 crore (64.1 billion rupees) overall. This included a direct benefit of Rs 392 crore to the city’s economy. Many fans from other cities traveled to see the shows, spending money on hotels, transportation, food, and shopping.

Coldplay’s concerts, named “Music Of The Spheres,” are being called the largest live entertainment event in India. They took place over two nights and highlighted the potential for more cultural tourism and major events in cities like Ahmedabad. Prime Minister Narendra Modi also praised the growing concert scene in India. He noted that with India’s rich culture and large population of young people, there are many opportunities for concerts to thrive.

Raghav Anand from EY-Parthenon, the consulting firm that released the report, mentioned that the live entertainment sector in India is growing fast. It has crossed Rs 12,000 crore and is expected to keep growing at about 19% each year for the next three years. This increase in spending shows that people have more money to spend and want to enjoy amazing live experiences. The Coldplay concerts also added Rs 72 crore in GST revenue for the Government of India, showing how much these events can help the economy.