IPL 2015 contributed Rs. 11.5 bn to Indian GDP
31 October 2015, Nirapad News: The Indian Premier League T20 cricket tournament’s 2015 edition that ran for 60 days contributed Rs 11.50 billion to India’s GDP, according to the KPMG Sports Advisory Group, the Indian cricket board said. Earlier this year, the BCCI had commissioned the study to assess the economic impact on India of hosting the tournament. BCCI had appointed KPMG Sports Advisory Group to undertake this survey. The board said in a press release that IPL matches directly affected the country’s economy in a variety of ways, with key stakeholder groups – participating franchisees, organisers and spectators — contributing through employment and purchasing. The study pegged the total economic output associated with IPL matches in India during the season at Rs 26.50 billion, which is aggregate value of all transactions that took place as a direct, indirect or induced effect of the economic activity of the matches. “Hosting an IPL match also adds value and revenue to the economy of the state,” BCCI said.