IPL contributed Rs 11.5 billion to GDP in 2015

Talking about the economic impact generated by the Indian Premiere League, on Indian economy, the Board of Control for Cricket in India said that the 2015 edition of IPL contributed Rs 11.5 billion to India’s Gross Domestic Product

Zee News Media

New Delhi: The Indian Premier League contributed Rs 11.5 billion to India’s Gross Domestic Product in 2015, the Board of Control for Cricket in India( BCCI) said on Friday.

According to a report in Hindustan Times, the BCCI appointed KPMG Sports Advisory Group to undertake a survey on the economic impact generated by the IPL on the economy of India, which brought forward the figures.

IPL 2015 consisted of eight franchises that played 60 matches over 44 days in 13 host venues of 12 cities across the country.

The total economic output associated with IPL matches in India for 2015 is estimated at INR 26.5 billion (USD 418 million). This is the aggregate value of all transactions that took place as a direct, indirect or induced effect of the economic activity of the 2015 matches. Hosting an IPL match also adds value and revenue to the economy of the state, quoting BCCI, said the report.

IPL matches directly affected the economy of India in a variety of ways, according to the survey. The key benefits and opportunities that arose were employment generation across sectors, tourism development, support of tier two cities providing key media exposure and development of cricket and sport participation across the country.