India's Concert Economy Explodes: A New Economic Powerhouse Driving Growth & Tourism

• India's live entertainment industry is experiencing "hockey-stick growth," transforming from a niche activity into a major economic engine.
• BookMyShow reports 35,000 live events, a 17% increase, with growth spanning cities, genres, and formats, indicating mainstream consumption.
• Marquee events like Coldplay concerts generated ₹641 crore economic impact for Gujarat, driving tourism, infrastructure, and ₹72 crore in direct taxes.
• Growth extends beyond metros, with Tribe Vibe Entertainment seeing 80% of business from tier-two/three cities like Kanpur, Jodhpur, and Vizag, reflecting rising disposable incomes.
• The boom is driven by rising incomes, smartphone penetration, global content exposure, and a shift towards experience-seeking leisure spending.

Why It Matters: India's concert economy is rapidly evolving into a significant economic driver, boosting tourism and tax revenues.