

India’s Concert Economy Boom
May 20, 2025
Raghav Anand, a media and entertainment expert at EY-Parthenon, and Naman Pugalia, Chief Business Officer at BookMyShow, dive into India’s rapidly growing concert economy. They discuss how global artists are transforming the scene and the surge in attendance from Gen Z craving experiences. The conversation highlights the ripple effects on local economies and infrastructure challenges. They also explore ticketing dynamics, brand loyalty shifts, and the exciting potential for expanding live music in Northeast India, making it a vibrant hub for the future.
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Drivers of India's Concert Boom
- India's concert economy booms from a growing affluent class with disposable income and digital exposure to global music.
- Government leadership and emerging large venues further fuel a projected 19%-25% annual growth in live entertainment.
Concerts Boost Local Economies
- Major concerts like Coldplay's in Ahmedabad boost local economies with tourism, hospitality, transportation, and retail spending.
- 86% of concertgoers traveled from outside the city, demonstrating significant multiplier effects on allied businesses.
Gen Z's Brand Loyalty Shift
- Gen Z’s brand loyalty hinges on the experiences brands create, making live event activations critical for connection.
- Brands create multi-sensory engagement with backstage content, pop-ups, and sustainability efforts to attract young audiences.