http://www.livemint.com/Opinion/0jPhfYmClqNd6hV8eKBUYO/An-Indian-Olympics-bid.html
An Indian Olympics bid
The latest edition of the Olympics will begin at the end of this week in Rio de Janeiro. The sporting extravaganza will take place against the backdrop of a deep economic crisis. The International Monetary Fund expects the Brazilian economy to shrink for the second year in a row. Inflation is close to double digits. The sharp decline in the Brazilian currency means that the dollar value of its economy has fallen by nearly a third since 2014.
All this is in striking contrast with the situation when Brazil won the bid to host the 2016 Olympics nearly a decade ago. This Latin American country was one of the stars of the global economy, not only for its rapid growth but also the way it had used government spending to tackle inequality. The Rio Olympics would have been an opportunity to showcase Brazilian economic success.
Economic performance seems to be a curiously good predictor of successful Olympic bids. Several countries other than Brazil have previously used the Olympic Games as an opportunity to signal their economic success to the rest of the world. One of the best examples of this was the Tokyo Olympics, which Japan used to both advertise its economic resurgence as well as tell the world that it had left behind its recent militaristic past.
“The autumn of 1964, when the Olympics came to Tokyo, was to be the greatest ceremonial celebration of Japan’s peaceful, post-war democratic revival. No longer a defeated nation in disgrace, Japan was respectable now. After years of feverish construction, of highways and stadiums, hotels, sewers, overhead railways, and subway lines, Tokyo was ready to receive the world with a grand display of love, peace, and sports,” writes Ian Buruma in his 2003 book on the rise of Japan, Inventing Japan: From Empire to Economic Miracle.
China did very much the same thing when it hosted the 2008 Olympics in Beijing. It was a statement that it had arrived on the world stage. Everything from the magnificent Bird’s Nest stadium where the opening ceremony was held to the super-fast trains to carry football fans from Beijing to Tianjin to the calls to citizens to make visitors feel welcome in their city was part of a bigger attempt to showcase Chinese economic success. It was the same story in Seoul in 1988, just as South Korea was ready to join the league of rich nations.
In fact, there has been an interesting pattern to Olympic bids after World War II. As I had pointed out in a column written before the Beijing Games, economic resurgence and hosting the Olympics seem to go together. The astonishing database of global incomes since the dawn of the common era that was built by economic historian Angus Maddison is a good place to see what has happened. Most countries have hosted their first post-war Olympics when their per capita income in terms of purchasing power parity (PPP) was between $4,000 and $8,000, in terms of 1990 dollars. This is not restricted to developing countries alone (see table).
There is also a parallel Olympics curse, of some countries tumbling into an economic crisis around a decade after hosting an Olympics. Look at the South Korean economic crisis in 1997, the Greek meltdown after 2008, the collapse of the Soviet Union in 1991 and the current economic travails in Brazil. Some bears may even say that China will be brought down by this affliction in a couple of years, a decade after its coming-out party in 2008.
That brings us to an interesting question. When should India host its first Olympics? India has already reached the Olympic zone in terms of its per capita income in PPP dollars (even though the IMF estimates of PPP incomes are not strictly comparable to the Maddison estimates that end in the year 2010; the IMF uses current dollars while Maddison used 1990 dollars). India’s average PPP income is now $6,162, going by IMF data. Tokyo has already won the rights to host the 2020 tournament. The winning bid for the next edition in 2024 is to be decided in September 2017, or just a little more than a year from now. Should India throw its hat into the ring?
India already makes the grade if one goes by its current per capita PPP income. It could very well cross the $10,000 mark by 2024 if it maintains its current rate of economic expansion. In other words, going by only economic indicators, India could be well placed to bid for the 2024 Olympics, as long as it does not allow the economy to go down the road that Brazil unfortunately took.
And such a bid will be beautifully timed with two important political milestones. India will complete 75 years as an independent country in 2022. And it will begin celebrating its 75th year as an independent republic in 2024.
So, Amaravati 2024? Think about it.
http://newsdog.today/a/article/57bc6dcd129071094e555e74/
India should host Olympic games: Naidu
Felicitating
Olympic Silver Medalist P V
Sindhu and coach P Gopichand at a programme here today, Andhra Pradesh Chief Minister N Chandrababu Naidu said India should host
Olympic games in future in order to give inspiration and encouragement to players. The Chief Minister suggested that India should host
Olympic Games in future and Prime Minister Narendra
Modi should invite bids for the same. If
Olympic Games held in India it would inspire and encourage the Indian players, he opined, and announced that the new capital Amaravathi would be constructed with such an infrastructure that it could host
Olympic Games. Congratulating P V
Sindhu for winning medal, Mr.Naidu said that while small countries were winning medals in the
Olympic Games, P V
Sindhu had emerged as a ray of hope to the country for winning Silver medal. The Chief Minister pointed out that some countries are spending hundreds of crores of rupees to encourage sports and India should take a cue from them. Asking Badminton Coach P Gopichand to set up a sports academy in new capital Amaravathi, the Chief Minister said "We will build a sports city in new capital. The government will allocate 15 acres of land for the sports academy. If needed, the government will announce grants for it, he added.UNI DP CS 1612
-- (UNI) -- C-1-1-DL0275-900106.Xml
http://www.rediff.com/sports/report...-prepare-india-for-next-olympics/20160826.htm
PM Modi announces Task Force to prepare India for next Olympics
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Sports » PM Modi announces Task Force to prepare India for next Olympics
IMAGE: Rio silver medallist P V Sindhu gets her racquet signed by Prime Minister Narendra Modi. Photograph: PTI
With India getting only two medals in the Rio Olympics, Prime Minister Narendra Modi, on Friday, announced the decision to set up a Task Force to prepare a comprehensive action plan for effective participation in the next three Olympics.
According to the announcement made by Modi at the meeting of Council of Ministers here, the Task Force comprising experts will be set up over the next few days.
"The Task Force will be set up to prepare a comprehensive action plan for effective participation of Indian sports persons in the next three Olympic games 2020, 2024 and 2028," a PMO statement said.
"The Task Force will prepare overall strategy for sports facility, training, selection procedure and other related matters," it said.
It said the Task Force will comprise members who are in house experts as well as those from outside.
The next Olympic Games will be held in Tokyo in 2020.
The decision to set up the Task Force comes against the backdrop of India's dismal performance in Rio Olympics as the country won only one Silver and one Bronze even after sending its biggest contingent of 118 athletes.
India finished 67th in the medal tally.