Coldplay's Ahmedabad Concerts: A Rs 641 Crore Economic Phenomenon

British rock band Coldplay's two-night 'Music of the Spheres' concerts in Ahmedabad have not only mesmerized fans but also significantly boosted the local economy, generating an estimated overall economic impact of Rs 641 crore. This monumental event has set a new benchmark for live entertainment in India.

Direct Economic Boost and GST Revenue

The concerts directly contributed Rs 392 crore to Ahmedabad's economy, with 86% of attendees traveling from outside the city, leading to increased spending on hotels, transport, dining, and retail. Additionally, the event contributed Rs 72 crore in GST revenue, highlighting the fiscal potential of the live entertainment sector.

Prime Minister Narendra Modi's Endorsement

Prime Minister Narendra Modi praised the concert economy, citing Coldplay's performances as evidence of India's vast opportunities in live events. He emphasized the country's rich heritage in music and the growing demand for live entertainment.

A New Era for City Branding and Mega-Events

The concerts at the Narendra Modi Stadium attracted over 2.5 lakh visitors, with more than 1.7 lakh coming from outside Gujarat, marking a pivotal moment in India's live entertainment history. Coldplay acknowledged the event as their biggest concert ever, thanking Ahmedabad for the unforgettable experience.