Why India must mind the financial impact of hosting Olympic Games

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It will be a matter of national pride if India hosts the event but likely an expensive one.

All Olympic Games between 1960 and 2024 (for which data is available) faced significant cost escalations, shaking the finances of the host countries, said a recent working paper by the Oxford University.

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Category: BusinessFinance

Markets: India

Topics: Economy Olympic Games Indian economy Olympics Sports International Olympic Commission

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 12:05:27 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 111 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23599362

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