AusLeisure

The success of Coldplay’s recent tour dates in the Indian cities of Mumbai and Ahmedabad has prompted the nation’s Prime Minister Narendra Modi to call for greater investment in infrastructure and skill development to drive a “concert economy”.

Following the British rock band having set concert attendance record with 223,000 fans attending the four sold out shows last month, Prime Minister Modi spoke of the immense possibilities of concert economy.

Urging states and investors to develop infrastructure for live music, Prime Minister Modi stated “you must've seen pictures of Coldplay.

"Big artistes from around the world are attracted to India. I expect the state and the private sector to focus on developing necessary infrastructure and skills for the concert economy.”

Highlighting that India has significant potential for ‘conference tourism’, Prime Minister Modi said venues like Bharat Mandapam and Yashobhoomi in Delhi were becoming major centres, noting “a country that has such a rich heritage of music, dance and storytelling and a huge pool of youngsters who are big consumers of concerts, there are many possibilities in the concert economy.

“You have witnessed that in the last 10 years, the demand and trend for live events have increased.”

The Concert Economy
The concert economy refers to the growing financial ecosystem surrounding live music events. With a significant shift from physical album sales to live performances, the concert economy is projected to reach US$31 billion globally by 2026, driven by increasing demand for live experiences and the rise of music festivals.

The recent Coldplay 'Music Of The Spheres World Tour' concert series in India, which took place in Mumbai on 18th and 19th January and Ahmedabad on 25th and 26th January saw a record crowd of 134,000 attendees to the Ahmedabad, making it the largest stadium concert in India to date.

Images: Indian Prime Minister Narendra Modi (top, credit: Shutterstock) and Coldplay on stage in Mumbai last month (below, credit: Satyendra Thorat).

Related Articles

24th October 2024 - Indian authorities take action on ticket scalping

9th October 2024 - India’s KISS Volleyball Festival enters Guinness World Records

26th May 2024 - 33 killed in fire at indoor amusement park in Indian city of Rajkot

11th January 2024 - Indian Premier League record 28% brand value growth with value now exceeding US$10 billion

21st June 2023 - Indian Cricket bans Alcohol, Athleisure, Gambling and Cryptocurrency sponsorship

15th May 2023 - Coldplay reveals Asian tour dates and second Optus Stadium concert as Western Australian Government issues ticket scalping warning

13th March 2023 - World record cricket crowd fails to materialise at India’s Narendra Modi Stadium

22nd December 2022 - Bilateral MoU signed between Sri Lanka and India event management associations

15th March 2022 - Live music industry set to experience significant growth in the Asia-Pacific region

26th May 2017 - India’s largest online ticketing company enters Australasian market

2nd December 2016 - India prepares for hosting of its first ever FIFA event

4th February 2013 - Himalayan stadium reaches new heights

---

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.