Coldplay Concert in Ahmedabad Generates ₹641 Crore Economic Impact
A new report by EY-Parthenon and
BookMyShow Live
shows that Coldplay's concerts in Ahmedabad had a major economic impact. The two shows, held in Ahmedabad, brought in ₹641 crore, including a direct boost of ₹392 crore to the local economy.
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Spending on hotels, transport, food, and shopping went up sharply. GST revenue from the concerts reached ₹72 crore.
The report says 86% of fans travelled to Ahmedabad from outside the city. Over 222,000 people attended across two nights, with special trains and extra flights helping them reach the venue. Hotel room prices rose sharply, and the city's airport and metro services broke records. Speaking on the report, Raghav Anand, Partner and Leader – Digital, Media and Convergence, EY-Parthenon, said, "As we witness the dynamic growth of India's live entertainment sector, which has surpassed the INR 12,000 crore mark in 2024 and is projected to grow at a robust CAGR of around 19% over the next three years, the increasing consumer spends are fueling this transformative journey.
This surge in consumer enthusiasm for world-class events reflects not just a rising disposable income but an evolving cultural fabric that craves immersive experiences. The economic potential of this sector is tremendous, creating a ripple effect across allied industries and fostering opportunities for creators and local professionals alike."
Many concertgoers stayed longer, spent more, and visited local attractions.
More than one-third explored the city's markets and heritage sites. Most of the audience was under 35, showing strong interest from young people.
The concerts created thousands of jobs. Around 9,000 of the 15,000 people involved in the event were from Ahmedabad. The organisers also focused on safety, accessibility, and reducing waste. Over 95% of the waste was kept out of landfills.
This event shows how live entertainment can help cities grow.
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The report calls it a model for other cities to follow. With proper planning and support, more cities in India could host global music events and benefit from the rise in cultural tourism. Coldplay's shows in Ahmedabad are a sign that India is ready to be a global stage for major entertainment events.
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