Why Olympics is a waste of money for India? | Economic Case study

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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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[ThinkSchool]

(The Masterclass is going to be in English)

[mayank.]

"india is winning a medal every single week" sounds good until you see others are winning a medal every 3-4 hours.

[stn]

Unless india is able to get top 10 position in the olympics medal tally. They shouldn't even think of hosting this for ffs.

[saketmeena]

Paris Olympics has done superb branding of France.😂👌

[compassioniseverything]

60 percent of Indians don't even know there is olympics is going on somewhere. About 20 percent dont even know there is something called as olympics. Not because they dont want to but because they are busy earning daily bread and those are the people we need to uplift first.

[utn_nightcoder]

sports budget - waste of money

bihar budget - best use of money 💀

[jaibhim]

Very apt and bold video. India should not host Olympics. It's not worth it.
I am shocked to hear that India is considering the hosting commonwealth games in 2030 in Ahmedabad and govt support this.
It is hard to explain these things openly, because people are so hyper nationalist and lost their common sense.👍

[good]

Giving olympics chance to Vinesh Phogat: waste of money😢😢
Nirmala Sitaraman doing tax terrorism: need of money😂😂😂
Giving money for bihar pool: use of money😂

[thomasmmanthara]

I think it’s better to spend the same money in developing sports infrastructure throughout India especially in tier 2 cities.India have a serious lacunae in sports infrastructure except for cricket.This will help build a sports ecosystem in our country.Spending 10’s of billions of dollars in one area won’t help India.Mostly it might become useless like seeing in cases like Rio and Beijing.Also there might be a short term influx of tourists but long term benefits are doubtful.Lets get atleast 10 gold in a single olympics and then host the games.

[BabygirlDhani]

2010 Commonwealth games !!! Horrible corruption 🙏 we need sports infrastructure and sports to improve health.. Live healthy life.

[SUZAKU__]

Olympics since 1972 is always been a debt ridden. Today, India is behind North Korea, Uganda in medal tally is a very sad state. Instead of spending for Olympics, India should create infrastructure and policy for sports.

[aravindappat]

Let Nita Ambani fund the Olympics and let them call it the Ambani Olympics. They seem to have the funds.

[ganeshm]

Olympics bid happen years before the actual event . No country can predict how their image is going to be when the actual games are being held.

[avid_biker]

Absolutely right! Olympics is a waste of tax payer money and time! India should not be bothered entering a Dick measuring contest. What we should be doing is Keep calm and carry on building our economy and spend money on infrastructure that people need, not wasted sport facilities that no one will use once the Olympics is over!

[saketmeena]

I agree with 'Think School'.
If you meet any one cabinet minister again then please Mr. Ganesh discuss with them this topic too among other topics.

[chillingpotato-kuwai]

2024 Paris Propaganda: Alphabet inclusivity *just for them ofc 😂

[Sri_Rav]

I've been a fan of Ganesh since Think School had less than 100K subscribers. I used to really enjoy the case studies, but lately, the tone feels different, and the promotions seem more about money. I hope the channel can keep the focus on what made it great. Thanks for the content!

[vardhilmehta]

Please change the title of the video to "Why "hosting" Olympics is a waste of money for India?".
The current title is misleading and communicates something totally different, which might hurt many sports enthusiasts' sentiments.

[lordainzooalgown]

Not gonna lie
It's my 5th video on Why olympics are disastrous for a country, yet here I am again understanding same process but it a different voice
This video still feels new 😂😂 as if I had never seen those 5

[nishantjose]

Please remove politics and let the real talent bloom... only after that we can expect a change ❤❤