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Indian+GDP+growth+gets+IPL+boost
Monday, 22 January 2018 - 15:56
Indian GDP growth gets IPL boost
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Indian cricket board says that the Indian Premier League had contributed Rs. 11.5 billion ($182 million) to India’s Gross Domestic Product in 2015.
 
In that season, a total of 60 matches were played over 44 days in 13 host venues in 12 cities across the country.
 
It isn’t just the administrators or the players that are benefitted from the tournament.
 
IPL was the perfect property, a lot of brands were looking for.
 
This was one of the major reasons why Rupert Murdoch’s Star India was ready to pay $ 2.55 billion to buy the five-year global media rights of the Indian Premier League.
 
Interestingly, Facebook was willing to spend $ 600 million just for the digital rights of the tournament for 2018-2022, compared with the $ 45 million the rights were sold for less than three years ago to Hotstar.
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