Coldplay’s ₹641-Crore Impact—Is Music the Next Billion-Dollar Industry in India?

India’s live music scene is hitting all the right notes, with global icons like Coldplay and Guns N’ Roses drawing massive crowds and fueling an economic surge. The twin Coldplay concerts in Ahmedabad earlier this year generated an estimated ₹641 crore in economic impact, highlighting the growing appetite for large-scale international events. Guns N’ Roses, set to perform at Mumbai’s Mahalaxmi Racecourse after 12 years, is expected to further amplify this trend.

 

The country’s live entertainment economy has surpassed ₹12,000 crore, with concerts making up only 1% of the market but growing at a CAGR of 19%. This surge is driven by rising disposable incomes, digital ticketing platforms, and a younger audience prioritizing experiences over material possessions. In 2024 alone, India hosted over 250 top-tier music concerts, featuring artists like Ed Sheeran, Dua Lipa, and Imagine Dragons.

 

Despite the boom, challenges remain—high ticket prices, infrastructure gaps, and logistical hurdles could slow momentum. Yet, with increasing corporate sponsorships and government interest, India is poised to become a global hub for live entertainment.

As the country gears up for another electrifying musical weekend, the question remains: Can India sustain this rhythm and cement its place as a premier concert destination?

 

Sources: Fortune India, The CapTable, Economic Times.