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VIDEO INTRODUCTION:
Hi everybody,
The Paris Olympics are currently taking the world by storm.
US viewership of only the opening ceremony saw a total of 41.5 million viewers, India is expected to see 150 million viewers on JioCinema alone and India is winning a medal every single week!!!
And India is winning medal after medal in the Paris olympics!!
And amongst this hype, Nita Ambani, announced India’s interest in hosting the Summer Olympics in 2036. Now this seems like an insane move right?? We could host one of the biggest events in the world, millions of tourists would flock to India, India would become the epicentre enter of global attention, tourism would increase, we would make millions of dollars and the entire world would witness the grand Indian growth story right??
Well not really!! Because you know the Olympics are an economic disaster!! You don’t believe me look at this, While Beijing’s 2008 Summer Olympics cost over $40 billion it generated only $3.6 billion in revenue!! While Vancouver’s Winter Games in 2010 cost $7.6 billion, it generated only $2.8 billion. And London’s Summer Games in 2012 cost $18 billion but only generated $5.2 billion in revenue!! So with each olympics, the host country bleeds with billion dollars in losses!!
So the question is,
How can such a grand world event become a loss making venture?
Why is there such a false hype around the economics of olympics?
And most importantly, even with so much losses, why do nations still spend billions to host the olympics?
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✅Study Materials:
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2. https://www.cfr.org/backgrounder/economics-hosting-olympic-games#:~:text=As%20the%20costs%20of%20hosting,and%20%2413%20billion%20in%20costs.
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37 Comments
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Khelo India budget for Gujrat was around 600 crore, sadly only 2 participants from that state in Olympic 😂😂
But for a country as big as a india i dont think 40$ billion is that big of a number.
Indian ministers and officials are delusional. We have a long way to go. We are going to shame ourselves.
Then please dont blame why india not winning medal in olympic
Poora content taapa hai
First, IOC members tend to reward countries that really invest on sports development and has a vibrant sports culture… Example, Australia? Despite of a small population+timezone difference.. It has/will hosted the olympics 3x by 2032.
Second, nominating Ahmenabad to host is seriously a bad idea… The IOC prefers cities with global and cultural importance… Delhi, Mumbai, Bengalaru are the best choices… Even Kolkata and Chennai are better…
Iske hisab Sabse zyadha paise cricket barbadh kiya ….. Hai jooo fans haina USS dhoniki virat Kohli….. Toda dusre games ko support kiya tho medal lapate….. India unse nahi Hamese Hari hai….. One we support other games medals will come…… Foolish cricket
Can they get it in the first place then only talk
!remindme 10 years
Hopeless channel or Redscarb
Yes
Before hosting Olympics, India should host FIFA WC as FIFA WC is the second sporting event after olympics as 3-4 billion people worldwide watch and india should get a taste of hosting sportng event as FIFA is as big as Olympics
Lewis Thomas Anderson Jason Lewis Kenneth
aaj kaal koi bhi expert baan jata hain..
India cannot win even 1 gold medal so no hosting of Olympics by India. They do not deserve it. First learn to win in sports and not just chant Bharat Mata ki Jai to fool every one including Bharat Mata. Kal murakh, aj murakh, kal hosi murakh. Jug jugantar se murakh kom.
Robinson James Thomas George Davis Jessica
I came here to say 'Please…no'.
Clearly, the comment section has spoken.
So can we host fifa world cup instead 🤔
Completely agree , India should focus on improving sports at basic level
India is ignoring primary needs and jumping to secondary needs…😂
Check out how USA made profits by hosting Olympics. India must tackle the pollution, santitation , slums and overall cleaniness before hosting any Olympics or other international sporting events
There wasnt any Uyghur muslim persecution or even talk of it in 2008.
Don't even think about it ! Economy inequality is already at bottom
This mentality has given us zero gold and Beijing 40
Why Olympics should hosted by single city rather than by a single country with multiple cities with almost 10 + cities in a country.❤
Add cricket in Olympics you could generate a lot of money 💰 only jist by this half budget
After watching so many intuitive videos @ThinkSchool I feel that there is more potential in this topic to make one more video on "how a country can host successful Olympic games" because if that becomes possible then that will be a real game Changer instead of making a discouraging and disheartening video for fellow countrymen. Hope to hear something positive soon. Because at one end this video mention that arrangements of such mega events push countries sport infrastructure 5 years ahead. I think it also pushes the state of the nation's sports professionals much more than that.
puree plagirism he copied entire video of a foreign youtuber
India will win every gold medal if it hosts the Olympics bc the food here will make every foreign athlete sick…
India needs to host the Olympics to project soft power. India view internationally is seen as not good and poor
First remove reservation from sports😅😅😅
India should not host Olympics until we will not able to fill the stadium.
India should include sport culture in school level like USA first.
We don’t need this waste of taxpayer money. 800mn people need food subsidies to live in this country.
sports is always a waste of money not a very great observation
Waste of money ! Let weed out corruption in sports first
We have lost so many Gold medals ! They are probably working in some job today 😢