Coldplay's Ahmedabad Performances Spark ₹641 Crore Economic Surge

Coldplay's recent concert shows in Ahmedabad have not only left behind a musical legacy — they've made a significant contribution to the economy of the city as well.

The two-day 'Music Of The Spheres' concerts, according to a report brought out on Wednesday by EY-Parthenon and BookMyShow Live, created an estimated ₹641 crore in overall economic impact with a direct economic contribution of ₹392 crore to the economy of the city.

Spend by tourists on transport, accommodation, eating out, and shopping constituted a big percentage of this rise.

While 86% of tourists were from outside the host city, the concerts were a record in cultural tourism, city branding, and infrastructural support for mass events, the report added.

Hyped as the largest ever live entertainment event in India, Coldplay's double concerts drew enthusiasts from all over the country and even from outside, turning the city into a transient cultural center.

Prime Minister Narendra Modi also acknowledged this rising trend during his address at the Utkarsh Odisha – Make in Odisha Conclave 2025. He further added, "In a country with so rich cultural heritage in music, dance and storytelling, with so massive a pool of youth and a gigantic consumer market for concerts, there are humongous opportunities for the concert economy.". Over the past decade, both the trend and demand for live shows have gone up. You must have definitely noticed the lovely images of the Coldplay concerts at Ahmedabad and Mumbai in the recent days. This is a proof of the enormous potential of live concerts in India."

Citing the reports, Raghav Anand, Partner and Leader – Digital, Media and Convergence, EY-Parthenon, stated, "As we see the alive growth of India's live entertainment space, having already crossed the ₹12,000 crore-hurdle in 2024 and poised to grow at an impressive CAGR of around 19 per cent over the next three years, the increasing spends of consumers are fueling this transformational ride.". This consumer enthusiasm boom for world-class events reflects not just a growing disposable income but a shifting cultural environment that craves experiential living. The report also stated that the Ahmedabad leg of the tour earned ₹72 crore in GST revenues to the Government of India, highlighting the fiscal significance of mass-scale entertainment events.