Need
One of the root cause why India could not perform up to the mark in Rio 2016 can be India had not hosted any Olympic games till now. India’s youth are not very familiar about sports that are played in Olympic while compared with cricket. India hosted 2011 cricket world cup which has definitely boosted our economy, tourism, foreign currency reserve. Hosting Olympic Games in India, can indisputably drive tourism, boost in public transport, hotels, entertainment, restaurants and retail etc. This is definitely going to increase demand of products to enhance industrial manufacturing.
One of the root cause why India could not perform up to the mark in Rio 2016 can be India had not hosted any Olympic games till now. India’s youth are not very familiar about sports that are played in Olympic while compared with cricket. India hosted 2011 cricket world cup which has definitely boosted our economy, tourism, foreign currency reserve. Hosting Olympic Games in India, can indisputably drive tourism, boost in public transport, hotels, entertainment, restaurants and retail etc. This is definitely going to increase demand of products to enhance industrial manufacturing.
What Brazil achieved
Budget for Olympic is $5 bn and cannot expect profit in short term. During 2008 to 2014, Rio’s revenue from overseas tourism grew from $1.26 bn to $2.10 bn with the help of 2014 football world cup. Japan is going host 2020 summer Olympic and has shown its strength in Rio Olympic closing ceremony. Japanese PM Shinzo Abe himself appeared in the event with Mario cap to ensure the attraction from world. So we can understand how much important it is to host such games which involves 206 countries (figure from Rio 2016).
Budget for Olympic is $5 bn and cannot expect profit in short term. During 2008 to 2014, Rio’s revenue from overseas tourism grew from $1.26 bn to $2.10 bn with the help of 2014 football world cup. Japan is going host 2020 summer Olympic and has shown its strength in Rio Olympic closing ceremony. Japanese PM Shinzo Abe himself appeared in the event with Mario cap to ensure the attraction from world. So we can understand how much important it is to host such games which involves 206 countries (figure from Rio 2016).
Advantages to India
If India hosts Olympic Games, entire world will see the event; entire world will see India’s capacity in financial terms and in terms of security. It will definitely increase confidence of foreign investors on India. Hence this will give good response in foreign direct investment and can change India’s global image in positive direction towards globalization. With the help of Olympic body, India can also improve its infrastructure. Indian citizen especially teenagers and children will see the event and learn from it. This will create a patriotic environment and zeal to bring medals for our country.
If India hosts Olympic Games, entire world will see the event; entire world will see India’s capacity in financial terms and in terms of security. It will definitely increase confidence of foreign investors on India. Hence this will give good response in foreign direct investment and can change India’s global image in positive direction towards globalization. With the help of Olympic body, India can also improve its infrastructure. Indian citizen especially teenagers and children will see the event and learn from it. This will create a patriotic environment and zeal to bring medals for our country.
Caveats
However, poor show can damage future tourism. Setting up the event can be very expensive and can render a city bankrupt as seen in one of the reasons for Greece went debt ridden hosting 2004 Athens Olympic Games. India has already witnessed scams in commonwealth games in 2010.
However, poor show can damage future tourism. Setting up the event can be very expensive and can render a city bankrupt as seen in one of the reasons for Greece went debt ridden hosting 2004 Athens Olympic Games. India has already witnessed scams in commonwealth games in 2010.
Instead of these worries, I am very sure India can beat Bolt's 100m, 200m, 400m records and many sports we can win gold medals. We need to focus on athletes selection process. Government of India has also set up a team for suggestions in upcoming next three Olympics. Let's hope this will bring a positive change in India's Olympic glory. We need to start from basic level i.e. by providing sports infrastructure to schools in urban and rural schools and need to rigorously include sports in student's curriculum. Study and play can be a very good approach.
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