Subject category:
Economics, Politics and Business Environment
Published by:
Amity Research Centers
Length: 10 pages
Data source: Published sources
Topics:
Olympic Games; Rostow's stages of economic growth; Public expenditure; Sports management; India's Olympic bid; Public administration; International business; Sports media and event management; Budgeting and finance; Business environment; Diplomatic relations; Contemporary issues in sports; Risk management; Maslow's theory
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Abstract
At the International Olympic Committee's 141st annual summit in October 2023, it was officially confirmed that India would be bidding for the 2036 Olympics. India, likely a USD10 trillion economy by 2035, desired to host the prestigious sporting and infrastructure spectacle. Organising a successful Olympics would bring tremendous pride to India's citizens and athletes and alter a generation's self-image. The hosting of the games would also boost tourism and trade in India. But hosting the Olympics would also require spending billions of dollars to create the infrastructure for the games and the tourist influx. The bid's economic viability had been questioned. In the past, the Olympics had left the host nations with losses and deficits. Valid concerns had been raised about the potential detrimental effects of holding such an event in India, where poverty was still a significant concern. Whether hosting the Olympics in 2036 would be a viable economic proposition for India?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Asia
Country:
India
Subject category:
Economics, Politics and Business Environment
Published by:
Amity Research Centers
Length: 6 pages
Data source: Published sources
About
Abstract
At the International Olympic Committee's 141st annual summit in October 2023, it was officially confirmed that India would be bidding for the 2036 Olympics. India, likely a USD10 trillion economy by 2035, desired to host the prestigious sporting and infrastructure spectacle. Organising a successful Olympics would bring tremendous pride to India's citizens and athletes and alter a generation's self-image. The hosting of the games would also boost tourism and trade in India. But hosting the Olympics would also require spending billions of dollars to create the infrastructure for the games and the tourist influx. The bid's economic viability had been questioned. In the past, the Olympics had left the host nations with losses and deficits. Valid concerns had been raised about the potential detrimental effects of holding such an event in India, where poverty was still a significant concern. Whether hosting the Olympics in 2036 would be a viable economic proposition for India?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Asia
Country:
India
Related
Subject category:
Economics, Politics and Business Environment
Published by:
Amity Research Centers
Length: 6 pages
Data source: Published sources