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Commonwealth Games to spur growth by nearly
$5,000 over four years
Sunday, October 03, 2010 05:19:16 PM,
IANS
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New Delhi:
The 12-day Commonwealth Games opening Sunday would spur India's
economic growth by around $4,940 million in the next four years
and create close to 24.7 lakh jobs, says the Games Organising
Committee.
"It is estimated that the Commonwealth Games 2010 would result in
an overall economic impact of approximately USD 4,940 million on
India over the period of 2008-12," said a Committee document.
The figure is almost three times the economic impact the 2006
Melbourne Games had on Australia's gross domestic product (GDP),
the document added.
It said the 2002 Manchester Games had created an impact of nearly
$3,400 million in Britain, while the Melbourne Games had an impact
of $1,600 million on Australia's GDP.
The document estimated that the Oct 3-12 international sporting
event is also expected to create an "enormous employment
opportunity" of around 24.7 lakh jobs.
The document also talked of positive impact on country's social
sector.
"The social and environmental impact of the Games will be highly
laudable as they are bound to encourage improved standards of
education to children, boost sports activities, create a better
quality of life and experience for citizens, increase
international recognition and create environmental consciousness
among the community," it said.
The Committee has set up a Commonwealth Business Club India (CBCI)
in association with Federation of Indian Chambers of Commerce and
Industry (FICCI) to encourage and support Indian business
community's involvement in the marketing and promotion of Indian
sports.
"Its aim is to raise sports sponsorship and market India as a
preferred business partner and destination across the
Commonwealth," the document said.
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