2.2 Lakh Music fans, £ 641 Crore Boost: How Coldplay's Ahmedabad event gave a big fist for India's concert economics | Mint

ColdPlay’s concert in Ahmedabad, which has attracted more than 2,22,000 fans, had an economic impact of £ 641, which highlights the emerging concert industry in India. In a report released by EY-Parthenon and Bookmyshow, it is said that ‘Coldplay’ Music of the Spheres’ concert produced an estimated economic impact of £ 641 across various industries. This includes £ 392 crore generated in the local economy of Ahmedabad by expenses to accommodation, restaurants, local transport and shopping. The financial impact spans different sectors such as tourism, hospitality, transport, logistics and retail. Furthermore, these events promote opportunities for local creators and professionals, promote sustainable practices and drive inclusivity and diversity, which are mentioned. Rising concert culture in India in 2024 was 70 to 80 concert days in India with audiences of more than 10,000, highlighting a significant presence for large -scale concerts in the country. This can be attributed to rising disposable income, the acceptance of digital technology and an audience looking for world -class experiences. Individual contribution The report is based on a survey conducted by Bookmyshow among 2,821 participants of Coldplay’s Ahmedabad concert. According to the survey, the participants for each £ 100 contributed to a ticket an extra £ 585 to service sectors such as hospitality, travel, local shopping and eateries. In terms of accommodation, nearly 47 percent of the respondents from outside Ahmedabad traveled and spent an average of £ 12,401. Nearly 23 percent spent more than £ 15,000, highlighting the rising hotel prices driven by rising demand. The respondents spent an average of £ 18,912 on flight tickets, while spending £ 10,466 and £ 8,071 on taxis and personal cars. Coldplay India Tour Coldplay’s India tour started on January 18 in Mumbai. The group also performed there on January 19 and January 21. The group held at Ahmedabad in Ahmedabad at Narendra Modi Stadium on January 25 and January 26. Coldplay consists of lead singer and pianist Chris Martin, guitarist Jonny Buckland, Bassist Guy Berryman, Drummer and Perkussionist Will Champion, and manager Phil Harvey. First published: 30 Apr 2025, 04:30 PM IST