Coldplay’s record-breaking two-night live performance on the Narendra Modi Stadium in Ahmedabad drew over 223,000 followers, making it the most important stadium live performance of the twenty first century. Whereas social media was abuzz with claims that the exhibits added $1 billion (₹8,300 crore) to the Indian financial system, one Chartered Accountant determined to crunch the numbers—and the outcomes inform a distinct story.
The true numbers behind Coldplay’s India affect
CA Kanan Bahl, in a put up on X (previously Twitter), dismissed the $1 billion claims and estimated the true financial affect at ₹886 crore ($102 million).
He wrote, “Influencers have been making claims of Coldplay including $1 billion to the financial system. It made me curious, so I made a decision to deep dive. My estimate means that this quantity is ~₹886 crores or $102 million.”
Breaking down the spending patterns, Bahl estimated that attendees spent ₹20,000 to ₹27,000 per head on common, with main bills together with:
- Tickets: ₹352 crore
- Journey, lodging, and meals & drinks: ₹498 crore
- Merchandise: ₹11 crore
- Sightseeing and allied bills: ₹25 crore
He additional famous that 75% of Mumbai attendees and 80% in Ahmedabad travelled from exterior the host cities. The ticketing large BookMyShow reportedly netted ₹32 crore in platform charges, accounting for 10% of complete ticket gross sales.
Social media reacts to the estimates
Bahl’s evaluation shortly sparked debate on-line. Some customers questioned the accuracy of his numbers, significantly journey and lodging prices.
One consumer argued, “Journey and lodging needs to be virtually double of what you could have guessed.” One other added, “Even after averaging out, the numbers for journey and lodging are method greater. Return flights, two-night stays, and excessive ticket costs push the common to ₹80K-₹1 lakh per individual.”
India’s booming stay music financial system
Coldplay’s historic live performance underscored India’s rising prominence as a stay music hub. The ticketed stay music trade is projected to succeed in ₹1,864 crore ($223 million) in 2025, whereas the general stay occasions market is ready to develop from ₹88 billion in 2023 to ₹143 billion by 2026 at a CAGR of 17.6%.
Even Prime Minister Narendra Modi acknowledged the affect, stating on the Utkarsh Odisha Conclave, “The fabulous footage from Coldplay live shows in Mumbai and Ahmedabad present India’s huge scope for stay live shows. Huge artists from around the globe are drawn to India.”
