The impact of IPL can be easily seen on the spirit of Indian cricket and the development of the Indian economy. It has not only created a number of jobs but has given a huge push to the economic activities that are held in the country. IPL has also led to the improvisation of the cricket landscape and made it more commercial for players, teams and the other stakeholders. However, there are a lot of speculated problems rising between the creation of balance for the Indian International cricket team and the conduct of IPL each year. It is sometimes very tough for the players to balance the both.
Apart from the increase in the online cricket betting apps in India, there are several other economic benefits and factors that have impacted the spirit of India. We have given a brief overview of both these factors in the following sections:
Economic Impact and Spirit:
Under the economic impact of IPL, we have discovered a varied number of factors that impact the overall health of the nation. For example, IPL has paved the way for giving a good opportunity to new talent in the sport. Earlier, there were very few places available in the Indian International cricket team which led to overshadowing of a number of good players. With IPL, more cricketers from India are able to play and get a chance to showcase their abilities. Apart from this, the fan base of the sport has also increased to a big extent. You can see a bigger number of fans reaching the stadiums to cheer for their favourite state/city team. The fans tend to contribute to the economy of the nation through the purchase of tickets, franchise goods etc.
Furthermore, the IPL has helped the country gain a global exposure and it has given the Indian cricketers a world stage as well. The profile of the Indian cricketers has improved largely which has led to getting more international players and coaches to support the Indian players with their talent and skills. The global exposure has also increased the amount of tourism that the country is getting. Especially during the IPL, a number of players, their families and supporters tend to travel to the country.
The IPL has also helped in increasing India’s GDP through factors like broadcasting rights, advertising, ticketing and the sale of other merchandise. The flock of fans also enter more hotels and restaurants. The demand for the public transportation systems has also risen largely. These factors have also led to an improvement in the overall number of jobs that are created in the country and how the infrastructure is being further developed. New stadiums and facilities are being introduced to accommodate the growing demand from the IPL matches.
Lastly, it is important to highlight that the IPL has given a boost to startups and the tax revenue that is collected by both state and the central governments today. Sponsorships, tickets and other factors tend to cost the companies a big amount of money which leads to a big tax that is also required to be paid by the companies.