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The beginning of the video tells us about the advantages of hosting the Olympics . . And suddenly when it comes to India hosting . . It is disadvantageous??? Every country has socioeconomic challenges . . Including the USA . . Hosting the Olympics will definitely put India on the global stage . . Just the way the 1936 Olympics did for Germany as mentioned in the video . . And I have been watching Think school vlog, the content and the approach has changed a little post the election results . . 🤔🤔🤔🤔
Winning olympics is soft power as well. When you win olympics people will respect you as a nation and will tend to overlook negative things of India like cleanliness etc
@@Saurabh.Nikhade it's honestly not about gdp, indian ppl dont have basic mindset to make sports as an important part of a child's life. Our schools have zero infra fir sports, colleges barely encourage sports. Sabki bas engineer ya doctor ya ca banana hai apne bachon ko.
@@PhotonShower that question is not a good one , if you ask a politician why the country is doing bad they'll just say what changes did you do in the country, that way all debate is a lost cause if you can't question something unless you yourself have done it already.
@@Leo-rd7dtwhat's even more shocking is that there are more people in India (a country) than the entirety of continents like Africa or Australia. Yet, they both have more medals. Something is just not right.
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
Instead of focusing on hosting the Olympics, India must invest in training the athletes so we can get more medals in Olympics. For the total population of our country, the amount of medals we hv got so far is absolutely unacceptable. Look at China. We hv a lot to learn from them.
Don't be discouraged. China only started to have the energy to practice sports after all the people had enough to eat 40 years ago. If you take it step by step, you will succeed.
@@Aapigeven spending money in Olympics is useless If majority of ur peoples are sleeping hungry... India is 103rd on the world hunger index and they r talking of being superpower and hosting Olympics 😂😂😂
I wonder if India can really pull off the venues and Olympic Village for the Olympics. The last Commonwealth Games were kind of a disaster with stuff not getting built on time. And hey, where would they even hold the triathlon?
“India is expected to win a medal every single week” Today my Mexican boss showed me some clips and some slapstick derogatory terms people used for India in twitter for not winning any gold medal yet.. also just winning 3 overall. Going to show someone wrote “If popping on the street was a sport, India would win it.” I tried to take it sportingly, but was hard.
Based on my observation about 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.
@@eazyetodre573 Have you ever visited Indian villages, slums, rural areas etc of India ? Well I have just provided a rough estimate based on my experience meeting people since the Beijing Olympics. You can't get the real time data because there is no census/surveys conducted to check it. My point is for us to realise that we are taken away by glitz and glam so much so that a big , in fact a majority of our population is being ignored.
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.
Well ig that's the whole point. People who wants to cope will enter this video. Great video nonetheless. Also don't mistaken me for some cheap internet critic. I am equally sad at India underperforming in Olympics
Bharat should spend very less money on olympic and priority should be our continuing support for sir Putin! Russia is our friend France is not also we hating so many countries in olympie China, Pak, Canada, Britishers, USA, Maldives, Germany all countries of peacefulls we should not playing games with these people! Jai Hind! Jai shree PUtin!!
You are absolutely right.. The title is deliberately kept that way so as to mislead people and create a wrong narrative so that the failure of India as a nation in Olympic sports get overlooked and the waste of money angle comes to front.. People are also arguing on television and media that this time it was the best supported Indian Olympic squad.. but reality is somewhat different, the failure theory is similar to that of Indian football team... spending money on a few old time international athletes.. but none on sports infrastructure, training, coaches, nurturing young talent in grassroot level - village level, bringing up sports culture etc.
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.
why is cricket the exception? People are only upset about the Olympics because India has won nothing but bronze medals for 2024. Sports is about rooting for your team or country and raising morale.
India is growing whereas china and Japan has reached maximum potential. It's unfair just give India 8 to 10 years and we will see 15+ gold each Olympics
@@mrrandom347 Bro we re at same stage in 90s but what happened then they focused on STEM, built an elite mentality and focused on sports and we excuses, free ration MGNREGA IPL, cricket and are backward then them and worst part we are not ready to accept it and improve instead we are satisfied being backward
A war-torn country like Ukraine has won 11 medals ,and ranked at 18 with 3 gold medals...Jara socho kya moral rahi hogi unki athletes ke upar, they have sacrificed many athletes in the war...Still see their sportsmanship and patriotism.... See from this perspective, you have to accept that our athletes lack responsibility and patriotism and never give up attitude. The way they have performed in this Olympics, specially the badminton players was truly disappointing. I completely agree with the statement given by Prakash Padukone sir.....Lakshya jeeta hua matches haara , full of carelessness , 7-8 points lead mein rehte hue , aur match ko apni control mein rakhne ke bawajood bhi, kaise hara that's unbelievable , woh bhi back to back 2 matches mein... Cricket mein aisa hota toh match fixing, choker etc tag lag jaata.....But surprisingly , some players like Ashwini ponappa and Saina Nehwal are also complaining over something in this regard and trending in social media.... Cricket aur Bumrah ko beech mein laa rahe hai , this is totally unacceptable......Desh mein log cricket se jyada Badminton khelte hai , almost every city, town , village mein badminton courts ka hona common si baat hai, bade bade cities mein Badminton academies bhi hai ......So , Jaise cricketers aksar gaali sunte hai for poor performances, Badminton players ko bhi sun na hi padegaa....Baat agar paison ki hai , then Near about 500 crores has been spent on this contingent...... 4th position is unacceptable,ya toh 1-2-3 Bano ya out ho jaao.... 7-8 players ended up at 4th spot surprisingly ,....which shows how they had choked irresponsibly at crucial stages.... Ukraine ke khiladiyon ko dekho , hum se jyada unki condition aur kharab hai, still they are performing and won 11 medals for their country with 3 Golds.
True words ... our Olympians should learn lession from Paralympics players... kisi ke haat toh kisi ke pao nahi hain fir v gold jeet rahe hain medals hi medals aa rahe hain aur yeh log insta reels banake adhe marathon cchhorke aa jate h
You are correct . Our school curriculum emphasis to much on knowledge that doesn't assist with health and wellbeing . Sports culture needs to be increased and participation with help find hidden gems who can contribute to medal tally ..
@@amitmantri5735delhi infra is absolute dogs**t bruh. You are just speaking about some posh areas in delhi. Maybe just centre delhi may have some good infrastructure but other than those places all are complete s***t. Do you know how water lag will happen in karol bagh and other main areas bro ? Just after 5 minutes of rain you literally can swim in the road. Delhi doesn't have any traits of a capital city. It even lacks many basic infrastructure facilities. Delhi is actually the worst bro. You can't defend it any ways.
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
I wonder if India can really pull off the venues and Olympic Village for the Olympics. The last Commonwealth Games were kind of a disaster with stuff not getting built on time. And hey, where would they even hold the triathlon?
@@lao.l5880 bro Commonwealth games were fkin best thing to happen in that entire decade except corruption charges which without olympics is also a problem
@@SagarAbhishek I can't understand how it's helping bihar If all the skilled biharis are migrating to other states... The only thing the bihar is itself in a bubble of lies
What you didn't say is that despite the investment of about $40 billion during the 2008 Olympic Games in China, Beijing's GDP grew at an average annual rate of 11.8% during the 2005-2008 "Olympic Input Period", with the Olympic factor contributing to an increase of 105.5 billion yuan in Beijing's GDP. In 2008, China's international tourism revenue amounted to US$40.1 billion, and after the 2022 Beijing Winter Olympics, the market size of China's ice and snow industry has exceeded RMB 600 billion. By the end of 2022, the number of people participating in ice and snow sports nationwide reached 300 million.
In 2008, China's GDP was $4.3274 trillion. In 2023, China's GDP was approximately $17.858 trillion. From 2008 to 2023, China's GDP increased by approximately 209.74%.
But doesn't the govt spending of 40.1b$ also be included in the GDP so won't the growth during the input period leading up to the Olympics in building stadiums and infrastructure be invalid in the case of GDP growth pov?
@@user-lp5ij9vi4k Correlation does not equal causation necessarily. I doubt the Olympics were the main reason behind GDP growth in China... It would be a far larger boon for the economy in regards to India to spent those billions of dollars on infrastructure, education, and other essential facilities that cause sustainable, real growth and benefit the people of India instead of burning it at the Olympics.
@@ishitapandey2037 it not about the number, it about the fame. the Olympic drew top architect and engineer to China as they want their work to be remembered, their entry into the chinese market training an entire generation of infrastructure expert that would turn China into the infrastructure leader it is today, there is nothing China cannot build today because of the infusion of great minds. the issue is it won't work in India because Indian are too proud to let other come and "teach" them. when your elite think their are already number one, there is nothing they can learn from others...
Hosting Olympics might be expensive but Indian Economy will be much bigger than now. China hosted when its economy was same as present India's. They went for the bid when their GDP was just 1 trillion dollars. India has very negative image in the world. Olympics will help to get rid of that. Just like no one thinks China is poor now. Billions of dollars would be nothing for a country like India in 2036. Hosting olympics at least for once is good.
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!
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!
Fixing health, education, environment, employability and ease of business must be the top priority. Olympics can never uplift millions out of multidimensional poverty
It wont be an economic disaster if the set up is used properly in future. If the buildings built for housing athletes are built in flat style and sold of after completion of events then there will certainly be buyers for them. The stadiums and sporting structures should be used for National games and other sporting events.
Exactly.. It's not a economic disaster.. It will a very good excuse to develop world class sports facility in India ... which is long due. If one thinks like this .. army is also waste.. space research is also waste...
Actually I think Brazil tried this with fifa when they hosted it despite having lot of demand for football in their nation they still took heavy losses As for the renovating the stadium in to flats i'm not sure if it's even feasible I think quatar did a good job in this they created a stadium using mostly shipping containers and can be easily disassembled well there might be more way to smartly use all the other infrastructure by the main reason countries even hist Olympics is because of sports washing Germany, Japan, china all used this strategy to gain international status Olympics, fifa and other sports events are usually not seen as a major economic assert rather a political assert (not saying it's bad or anything)
"The stadiums and sporting structures should be used for National games and other sporting events." The scale of olymic audience is different from other national and state games. Most of olympic stadium from previous like Tokyo, Sochi, Bejieng, Rio sits half full or empty.
No brother it will be a serious blunder if we do that. 1st . We dont have the money to upgrade our railways, every month people are dying because of railway accidents. 2nd. We dont have enough money for our Research and development budget. 3rd. Our defense public companies are not doing well because of lack of funds. 4th. We don't have money for soldiers so we are telling them to "get out" after 4 years. 5th. we have people who have water and electricity and clean air issues But we have money for a 1 month gaming event. isn't that shameful. We will host it once we become a developed country.
Hosting Olympics in India will be very beneficial for India as the infrastructure that will be build will be utilised even after the games and the most dramatic change it will make is that it will change the though process and will motivate and inspire future Olympians. Also the economic of Olympics in different countries are different and it will be profitable hosting Olympics in India, just like Cricket in India.
yeah that will not happen, building is not the hard part. maintenance is, look at any brazilian stadium they built in rio, none of it is functional today, it has become a place where even animals might not live abandoned, risky and utterly useless. build better grounds in school and you will find more sports activities and use
This is your first video to predict a future economic crisis with support of a strong data. All the rest of your videos solved the past problems till now. Kudos to you Ganesh and your team.
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.
Bharat should spend very less money on olympic and priority should be our continuing support for sir Putin! Russia is our friend France is not also we hating so many countries in olympie China, Pak, Canada, Britishers, USA, Maldives, Germany all countries of peacefulls we should not playing games with these people! Jai Hind! Jai shree PUtin!!
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
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
Because its a agenda to feel yourself that not winning gold or top the tally is okay for a 1.4 billion people country. He is sold buddy, narrative is to lick current govt.
I think we can utilise our existing cricket stadiums to use for Olympics. If needed we can host different games in different cities like we do in IPL games. In this way we need not to build a new stadium, players will directly go to their stadium as planned. We can use our existing security measures to not to spend on more security. This is kind of win - win situation to promote all the major cities across India.
Life is not p&l. India is one of the most unhappy countries in the world, if spending some money improves the happiness, then it's a gain overall to the productivity/output. Sports is one of the cheapest way to improve happiness or morale .
I agree with your first line but we should focus on a long term solution to improve the average happiness of Indians. Olympics or any other events can only provide short term happiness to the audience.
India is indeed like what its tourism slogan says, “Incredible India.” According to the global hunger index ranking among 125 countries, India ranks 111th from the bottom and is in severe hunger. Many ordinary people at the bottom in India can’t even have enough to eat. With such strength (failing to win a single gold medal on the Paris medal tally) and such national conditions, it still keeps thinking about hosting a high-end sports Olympics every day? 😅😅😅
We should think from fitness, and awareness towards sports. Young kids will see them as well as parents and it will bring monumental change in upcoming years. Its good for India to be a sporting nation.
Hosting Olympics is not just about to generate massive profit or loss it's also about of proudness which 150cr of population feels N chnging their mindset towards future in sports,were todays parents doesn't aware.
The most important aspect that he missed mentioning is the TV /Online coverage. Even within the same country people don't travel to watch the sports/games due to excellent TV coverage. With huge screen LCD /LED TVs, it's not worth going to a sports arena and watching it live from 500 mts. - 800 mts. away. I was planning my trip to Europe during Summer and changed the plan to next year due to the Paris Olympics. Everything has become expensive - hotels, food, local travel, etc.
Dude, I miss your geopolitical case studies. There's a lot going on from the Middle East to Southeast Asia. I would love to hear your insights on these
@@manikantansrinivasan5261 true, it's generating a lot and getting used by players and sponsors for living a lavish life... Not to you craze watchers or the government...
One thing you missed is that Olympics will encourage the youth to take up sports, to work hard, to have good role models, to be made aware of great stories of struggle etc. All these help in building the nation, the cost of which cannot be calculated. It's not just about money or branding.
Most of the schools/ colleges doesn't have play ground. Don't know why governments allowing educational institutions without play ground, interest in sports should be start from the school age itself. Support for athletes and infrastructure development should be done by both government and private entities, this will improve the situation at root level.
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😂
Vinesh herself accepted her mistake. What are you talking about? She should have kept her weight well below 50 if she is fighting in that category. My condolences with her. Hope she starts something revolutionary for young athletes as she had taken retirement
Olympics and sporting events are not about money it is a stage of global reunion. where people can talk collaborate in a constructive way and not always fighting or competing. and different country host and take the financial hit , India being 5th largest economy should take hit and take part in global stage. Every country will win some or loose some. and everyone has something to rejoice.
And they gave a summerolympics to each one in Paris and One in Los angles 2028 in one go in fear that they may have none next time. Btw LA mayor at that time is US ambassador to India today
This is a great study. The Olympics should consider virtual tournaments in smaller infrastructure models with only country representatives and athletes present at the virtual event, rather than hosting a grand scale economy draining mechanism that can be seen vividly through decades.
I really wanted you to a make a video on Olympic but I also wish that you would have covered the topic that "does performing good at Olympics also helps in branding or not and why India doesn't take Olympics seriously"
Millions of tourists, so much money, all attention on India, but we will win only 5 medals, mostly bronze. Cricket players are GODS, but other sports persons do odd jobs to barely meet their expenses.
We have 144 + cr population but still getting medals in single digit On the other hand our neighboring china gets nearly 100s of medal every Olympics . Its like shame to India and it's politics 🙏🤫 Pls support athlets and make India proud at international level
@@peeyushdey4767 it's not about parents it's about our nation bez every parents thinks about children's future At the same time country cannot give that guarantee in sports thats the main reason for least medals
Why should we support when we as middleclass are constantly looted by govt inform of tax Loyalty towards this country has died off. Those who get out are getting out asap Banana republic must fall
Those who are Commenting Everything should not be Linked with Economics First of all you have to look at our Basic Health Infrastructure India is still pretty much behind in Health Facilities, All Our Hospitals are Overburdened and Beds are always full and People blame Doctors for not Giving Quality Treatment and attention/care, Which is not their responsibility in Government Sectors due to which Quality treatment Gets Compromised.Also India need many developments to improve Quality of Education both at School and College Level.Indian Education is lacking both there's Lack of Infrastructure and Lack of Quality of Teachers(This mainly at School Level is alarming).
I think it will be an economic disaster. That is the reason why no country is willing to host these days. The amount of money to build that kind of infrastructure is very high. but the return on investment is very very low. And we know if this happens how the politicians are going to become rich. we need to use that money in our railway upgrade.
No it will be a serious blunder if we do that. 1st . We dont have the money to upgrade our railways, every month people are dying because of railway accidents. 2nd. We dont have enough money for our Research and development budget. 3rd. Our defense public companies are not doing well because of lack of funds. 4th. We don't have money for soldiers so we are telling them to "get out" after 4 years. 5th. we have people who have water and electricity and clean air issues But we have money for a 1 month gaming drama. isn't that shameful. We will host it once we become a developed country. If Ambani family wants to do it with their money then OK. But not on tax payer money. The middle class is suffering because of all kinds of taxes(school fees, food fees and many more) but some people want to destroy 20 billion dollars for drama.
Soft power can’t be measured in terms of money. It’s an indication of country economic power. That a country can invest in such a privileged event. Everything is not measured in terms of absolute return of net money
Bro this was an eyeopener. I thought that whatvever cost is being occured to build facilities. Selling of sponsorships, satellite right and tickets shall recover a good amount. To think that beijing olympics resulted in huge losses despite so much investment means purely from risk reward perspective rather use money to better existing facilities and setups to convert our bronze medals to gold 🥇 Thereby increase interest among kids at young age to take up sports other than cricket and once more gold flows in parents will be ready to send more kids to sport careers. Once that demand kicks in naturally more facilities will open up as opportunities increasing further interest. Like this will be a slow and steady path to growth but a more solid one instead of making huge losses like you mentioned
@@prasannaik8604 why you southis keep barking our money our money all time , Maharastra contribute highest to coorporate tax and income tax , Gujarat contribute highest to India's Merchandise Export , Jharkhand,Odissa,Chattisgarh 70% of Indias mineral and minning output , Punjab , UP contibutes in food production, Bihar,UP contributes in labour availability for contructruction and other works , Himalayan states are contributing by preserving nature and ecology ,Haryana contributes in Sports also NCR region are contributing pretty much in tax as well ,so why you people always acting like it's just you contributing to everthing in India .and all south people are so great so educated and we are looting you , If you all are so educated why your all keep crying that North people are taking your jobs why demanding regional reservation , if you people are so talented why you people are not able to performing excellent any Pan India test like and keep blaming us.
There is more to life than just money. Patriotism is important for unity of a country and it's people. Recognition and admiration from the world is important as well. Tourists finally seeing a safe and developing india also spreads our culture and opens the hearts of outsiders to our world. This is the center of the hindu world.
China is still the winner, Bharat boy. China show the world that it has emerged as the economic powerhouse in the world. BTW India medal win in Paris olympic is 1 silver and 5 bronzes, which is equivalent to Zhang Yufei medal win in Paris. Cry India Cry,
13:50 Stupid argument, if Olympics was scheduled to be hosted in India in 2018, Government wouldn't have done Demonetization in 2016, or there would have been proper planning to have minimal impact on Olympics. 🤦
Very interesting take. In the uncertain world, projecting the cost is not an easy task and will most likely turn out to be way off than reality. BTW, Cricket is also going to be added in Olympics from 2028.. So that will give a good revenue boost for the host country.
True. And good to know that I was thinking the same. Your arguments and points just gave much clarity and great explanation and reasoning. Great study from think school. I really feel India should skip Olympics bidding.
maybe by next Olympic , India is already one of the world top economies so financial won't be a problem. and some India athletes are strong. they will get good results by sone hidden talents in India. there is no instant results.
Top economies???? One is the worst in per capita income, hdi, equalities, hygienic and currency value. Not to forget the passport index. You really think the Olympics will be held in endia. Japan China France etc won't allow that to happen. First endia needs a toilet, jobs, Eradicate hunger (impossible).
@@sabarinathan6554 I agreed too what you said about situation in India now. but rapid growth in India now can't underestimate India one day will be one of the powerhouse. same as what happened to China
@@smash_27 what do you mean by Rapid growth exactly???? Can you name them. If this country is growing remember China and others are also growing . This equates to the conclusion that endia can never be a Power House. China won't go down or give up that easy
Suggesting WHy India should not host Olympics rather than what India could do to host or upgrade it infra, provide employment indirectly and directly and other socio-economic benifits itself seems not so heartwarming. It's well known fact that deliberately playing the poor or dirty country card on India whenever it broke the barriers or hegemonic discourse of western establishment and irrationally propagated by westoxicated distant Indian elite, is no unknown to common man of BHARAT. Whether it's Indian Space mission, Ayurveda, music and dance or any other architectural, economic, scientific enhancement someone will always there to perform the act of crab so that one should never cross the self created boundary of restraint and achieve the place which India had since 90% of its 2000 years of history on world arena.
Its so disheartening to see 1.5 Billion not winning 1 gold medal. Need to shift focus other than cricket, Govt need to spend money in better infrastructure and give scholarship and promote other sports and separate politics with sports . Hope one day India will be on Top 10 in the Medals tally.
I think when a country receive Olympics hosting, it should be granted for three olympics. As the infrastructure could properly be used and country could plan things for a long run. The hosting will give real benefits to the hosting country.
Hosting Olympics is like economic muscle flexing. So if a rich country does it, it's good for them. If we plan to do it, it is projection and resolve of our economic success. I would ask everyone to discuss this topic at greater details. I'm sure Indian way of handling these problems will surprise the world in a good way.
Our atheletes and players are creating upsets in wrestling, chess, javelin, badminton, shooting and powerlifting yet we never see these facilities in schools or university. The government should make sports as mandatory subject to students similar to USA, China, Korea and Japan from schooling itself. No schools must be run without atleast 5 different sports facilities. The results will then speak for itself in future.
Hosting an Olympics could go haywire for other countries but it could turn well for us. The reason being, countires build infrastructure for Olympics and then it turns useless but when we'll build all this infra, be it stadiums or the road & railway networks, it'll be useful for our athletes in future to avail world class infrastructure as well the other infrastructure would be useful for the country's further development!
Not everything needs to be viewed through the lens of capitalism. Events like the Olympics go beyond mere business; they unite people from all corners of the world, fostering a global sense of community. The Olympic Games highlight the importance of sportsmanship, bringing different cultures together in a celebration of human spirit and achievement. This unity and shared experience contribute to the growth of mutual respect and understanding on a global scale, which is invaluable in today's world.
When youtuber becomes jack of all trades, defence, national security, economics etc... 1% club is sham . please don't even believe it.. Sebi has given clear guidelines for such so called economist youtubers Don't give them your hard earned money
You are amazing, this video gives me another perspective to see things around....when I heard I think we should organize the event....but at what cost. Instead of bidding on Olympics India should invest more on athletes sport infrastructure within India and bring more medal...this should be better than hosting .
If they want to spend money instead first spend money on Olympic sports infrastructure and first we need to develop a sporting country first and fund Olympic sports, totally waste of money
I still believe sportswashing is needed for a country like India as it is highly misunderstood around the world. Even our movie industry portrayed it in a bad light. It's just that recently things have changed. But after a decade I still believe we would have enough money to host an Olympics and better sportsmen. And for the economics part of it, we have to consider that since we are hosting the Olympics there will be more eyeballs and Broadcasting rights will be a huge amount. If an annual event like IPL can get you a billion dollars, the olympics can also get that. We can also expect a lot of pvt investments in the game city. So, the Govt will not have to bear all the costs. In short I believe it will be a beneficial for India. I won't say economically beneficial but an overall net benefit.
If our central government give free gym (even private) for our citizens after 65, medical bills and manufacturing medicine can be reduced. Also health of senior will be improved.
Thanks for letting us know these important points, otherwise like everybody we think our govt is just so good ..... Now they can't use this as Marketing strategy before elections Thank you 🙏🏻
Ask this to the sportsmen and athletes and you will get a response. Not everything needs to be linked to finances from countries perspective. In that case our country's budget should as well always be in surplus, what say now?
well.....Bejing olympics did paint a picture of very strong China.....which might have inpacted their growth in 2010s... why should India not consider it? and we dont have to host now, its 12 years in future.....if all goes right, Our econpmy will be stronger then....
Its really hard to trust the information and conclusions, when all of the data is not shown. In every graph, data of random years is presented. This leads me to think what about other years? Please include all the data points in a given range to prove a point. This just looks like data is cherry picked to prove a narrative.
Wrong, India has a home advantage plus the Ring of Unity center has been designed to be a focal point for the sports enclave. This will serve as a platform for cultural events, festivals, and commercial activities, accommodating up to 5,000 people comfortably, with the potential to expand to 12,000 with temporary structures. The Ring will feature an outdoor amphitheater, an open plaza, scenic walkways, and a waterfront deck, ensuring year-round enjoyment for residents and visitors alike. Moreover, the design of all SVP sports enclave incorparates versatile and modular facilities, allowing the stadiums to be adapted for different purposes, including national and international sporting events, concerts, cultural festivals, and community activities. This flexibility will ensure that the stadiums remain in use, generating revenue and serving the local population post Olympics.
Great Analysis, Ganesh! One more pattern, and most important one that comes out of this, and probably missed in the video is ADVENT OF INTERNET! For Publicity and Branding , pre-Internet era (1990s), Olympics was very effective as that brought the world's eyeballs in front of a TV set. Thats why olympics until 1990s were somewhat profitable. Post-Internet era, globalisation of knowledge also happened at a tremendous pace, hence nobody needs these landmark events to know about a country and its culture. Like you pointed out, Movies, Music and Animes etc. especially with OTTs can do this today much effectively and cheaply.
You showed the cost versus revenue but missed to mention the details and also the fact that the service providing companies did make money and the employment that was created in the preparation of the event. Not just the ones who are directly involved with the event but also ancillary industries as well so all in all it’s a win win for the host nation
No country other than India has 2k per capita and has such a vibrant "democracy" No country other than India has 2k per capita and has such strong 'stock market" No country other than India has 2k per capita and has such good "hospitals" No country other than India has 2k per capita and such good "UPI" No country other than India has 2k per capita and has a "bullet train" India is unparallel, "Olympics in India is doable".
Per capita of India is 2.8 K now. State in which it is planned i.e Gujarat is already at 4.6K USD. By 2036 projections, it'll easily be 12-15 K USD considering growth rates of Gujarat
You are talking about "UPI" 😂. Most dominating apps called Phone pay(Walmart- American) ,Google Pay(American) ,Paytm(Check the investors) are foreign companies app. And the whole infrastructure in Google(American). For them making UPI is 1 month work 😂. But their companies called Mastercard, Visa don't want to happen this
I feel it will not be much disaster as predicted. India have pretty good number of players who can help to maintain infrastructure if infrastructure is developed accordingly except few sports. Olympic Villages can be easily converted to government residential buildings for homeless or illegal dwellers. Basically its all about planning , where there are some questions to me.
As country you have to submit proposals to win the chance to get to host olymics and you have follow IOC recommendations in buliding all venues and residential, and it have to acc. to their tastes. Unless no one wants to host olympics like 1984 summer olympics where Los angles got to do whatever they wanted and however. Then and only then your proposal could be implemented sir.
This video is extremely misleading as it reflects that your capitalist mindset is overlooking social factors .....I have been watching your videos for a long time. I find them helpful and informative. Yet this one disappoints many, including me, who have a balanced mindset.
India is happy with 2 to 4 medals ( not gold ) only and making propagation as that they are superior in list and won 99% of all medals. Players are being honoring for millions and asking more. While this many should be used for nurseries. India where unemployment and poverty is the biggest issue, players are enjoying themselves just for tiny victories. It should stop and money should be used for planning sports.
@Xoxo123-zr1rk Thik hai, mn nhi Jeet skta but there are millions of young kids who are very able. And why to give everything to these small victories ! Do they deserve such a huge ! Don't forget what tricks they used to earn money. Are they not selling gamble and speculation through advertisements ? Are millions of teenagers not ruining their life ? Who will voice for them ! Are you daring for this ? Have courage to see these things.
👉Join the Masterclass now using this link: bit.ly/attendretireearlymc
(The Masterclass is going to be in English)
youtube.com/@onepercentclub12?si=iGkac_6DPcJUnH5v
Has anyone noticed Ganesh's physical economy is in danger because of the flu?🤧🤧
The beginning of the video tells us about the advantages of hosting the Olympics . . And suddenly when it comes to India hosting . . It is disadvantageous??? Every country has socioeconomic challenges . . Including the USA . . Hosting the Olympics will definitely put India on the global stage . . Just the way the 1936 Olympics did for Germany as mentioned in the video . . And I have been watching Think school vlog, the content and the approach has changed a little post the election results . . 🤔🤔🤔🤔
It is not a waste of money. It increases the reputation of India globally which in turn improves tourism and also FDI
Winning olympics is soft power as well. When you win olympics people will respect you as a nation and will tend to overlook negative things of India like cleanliness etc
Good way of expressing sour grapes .. Just accept INDIA cannot host an Olympics ever. BJP had made our country poor
Unless india is able to get top 10 position in the olympics medal tally. They shouldn't even think of hosting this for ffs.
I think unless India comes under top 50 in GDP per capita, India should not think about Olympics
Tbh if if India hosts it. It will only be in 2036 or 2040. Which is over a decade away.
U mean by that time indiaa per capita will be top 50? In the world?? I dont think soo......@@Selinnaguz
@@Saurabh.Nikhade it's honestly not about gdp, indian ppl dont have basic mindset to make sports as an important part of a child's life. Our schools have zero infra fir sports, colleges barely encourage sports. Sabki bas engineer ya doctor ya ca banana hai apne bachon ko.
Hosting the Olympics is a waste of money and so is space exploration
"india is winning a medal every single week" sounds good until you see others are winning a medal every 3-4 hours.
medals gives country nothing other than that particular individual some help
@@zeroai-o4dyou are wrong.....in countries like india it give life to soo many young people who wants to take games as career
@@zeroai-o4d因為印度太沒用了😂不如台灣
How many medals did you bring
@@PhotonShower that question is not a good one , if you ask a politician why the country is doing bad they'll just say what changes did you do in the country, that way all debate is a lost cause if you can't question something unless you yourself have done it already.
"India is winning a medal every single week." Sir, the Olympics are only two weeks long 😭
India is even behind Pakistan in Olympics 😅
@@Leo-rd7dtwhat's even more shocking is that there are more people in India (a country) than the entirety of continents like Africa or Australia. Yet, they both have more medals. Something is just not right.
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
Good one
可是，印度获得了两枚金牌吗？
Instead of focusing on hosting the Olympics, India must invest in training the athletes so we can get more medals in Olympics. For the total population of our country, the amount of medals we hv got so far is absolutely unacceptable. Look at China. We hv a lot to learn from them.
Don't be discouraged. China only started to have the energy to practice sports after all the people had enough to eat 40 years ago. If you take it step by step, you will succeed.
@@Aapigeven spending money in Olympics is useless If majority of ur peoples are sleeping hungry... India is 103rd on the world hunger index and they r talking of being superpower and hosting Olympics 😂😂😂
How will you train atheletes when there will be no atheletes? Firstly you need to build sports culture in colleges and schools
@@vishvakumar7658That's so true lol.
I wonder if India can really pull off the venues and Olympic Village for the Olympics. The last Commonwealth Games were kind of a disaster with stuff not getting built on time. And hey, where would they even hold the triathlon?
“India is expected to win a medal every single week” Today my Mexican boss showed me some clips and some slapstick derogatory terms people used for India in twitter for not winning any gold medal yet.. also just winning 3 overall. Going to show someone wrote “If popping on the street was a sport, India would win it.” I tried to take it sportingly, but was hard.
Shahad bhai uss Mexican ne kahi indirectly racism toh nhi kiya apke saath
@@Abishek293 It's also the truth.
😪
Bhai ham indians be aaanab shanaab bolte rahte hai internet par koi be western ya liberal ho toh ye sab usi ka natija hai.
Bhai tum bolte na usko cricket khelne aa kabhi 😂 ya fir bol dete ki politics karne aata hai kya tum tortilla waalo ko 😂
Based on my observation about 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.
True words.
😢
What's the source of your data
@@eazyetodre573 Have you ever visited Indian villages, slums, rural areas etc of India ? Well I have just provided a rough estimate based on my experience meeting people since the Beijing Olympics. You can't get the real time data because there is no census/surveys conducted to check it. My point is for us to realise that we are taken away by glitz and glam so much so that a big , in fact a majority of our population is being ignored.
how come every one knows IPL and not olympics..because India is a 1 game country...kuch bhi kya
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.
Well ig that's the whole point. People who wants to cope will enter this video. Great video nonetheless. Also don't mistaken me for some cheap internet critic. I am equally sad at India underperforming in Olympics
Bharat should spend very less money on olympic and priority should be our continuing support for sir Putin! Russia is our friend France is not also we hating so many countries in olympie China, Pak, Canada, Britishers, USA, Maldives, Germany all countries of peacefulls we should not playing games with these people! Jai Hind! Jai shree PUtin!!
Its not a mistake, theyve used this title for clickbait.
You are absolutely right.. The title is deliberately kept that way so as to mislead people and create a wrong narrative so that the failure of India as a nation in Olympic sports get overlooked and the waste of money angle comes to front..
People are also arguing on television and media that this time it was the best supported Indian Olympic squad.. but reality is somewhat different, the failure theory is similar to that of Indian football team... spending money on a few old time international athletes.. but none on sports infrastructure, training, coaches, nurturing young talent in grassroot level - village level, bringing up sports culture etc.
He wanted the video to be circulated. And clicked
And timing when olympics is in around ans some section is in cheering for it😊
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.
Okay please take some steps and write letter to our PM
😂
Well said
why is cricket the exception?
People are only upset about the Olympics because India has won nothing but bronze medals for 2024.
Sports is about rooting for your team or country and raising morale.
10 golds, never going to happen and keep on dreaming, my friend.
We are celebrating 3,4 bronze like crazy whereas our neighbors China 70 ( 30 gold ) Japan and South Korea more than 50 ( 13gold ) are normal
Bro china total gold now 43 😂
India is growing whereas china and Japan has reached maximum potential.
It's unfair just give India 8 to 10 years and we will see 15+ gold each Olympics
In terms of performance data, India is not in any way comparable to China at the moment
@@AnraiFan You can't go from 50 to top 5 in 4 years
It will take atleast 12 years minimum
@@mrrandom347 Bro we re at same stage in 90s but what happened then they focused on STEM, built an elite mentality and focused on sports and we excuses, free ration MGNREGA IPL, cricket and are backward then them and worst part we are not ready to accept it and improve instead we are satisfied being backward
A war-torn country like Ukraine has won 11 medals ,and ranked at 18 with 3 gold medals...Jara socho kya moral rahi hogi unki athletes ke upar, they have sacrificed many athletes in the war...Still see their sportsmanship and patriotism.... See from this perspective, you have to accept that our athletes lack responsibility and patriotism and never give up attitude. The way they have performed in this Olympics, specially the badminton players was truly disappointing. I completely agree with the statement given by Prakash Padukone sir.....Lakshya jeeta hua matches haara , full of carelessness , 7-8 points lead mein rehte hue , aur match ko apni control mein rakhne ke bawajood bhi, kaise hara that's unbelievable , woh bhi back to back 2 matches mein... Cricket mein aisa hota toh match fixing, choker etc tag lag jaata.....But surprisingly , some players like Ashwini ponappa and Saina Nehwal are also complaining over something in this regard and trending in social media.... Cricket aur Bumrah ko beech mein laa rahe hai , this is totally unacceptable......Desh mein log cricket se jyada Badminton khelte hai , almost every city, town , village mein badminton courts ka hona common si baat hai, bade bade cities mein Badminton academies bhi hai ......So , Jaise cricketers aksar gaali sunte hai for poor performances, Badminton players ko bhi sun na hi padegaa....Baat agar paison ki hai , then Near about 500 crores has been spent on this contingent...... 4th position is unacceptable,ya toh 1-2-3 Bano ya out ho jaao.... 7-8 players ended up at 4th spot surprisingly ,....which shows how they had choked irresponsibly at crucial stages.... Ukraine ke khiladiyon ko dekho , hum se jyada unki condition aur kharab hai, still they are performing and won 11 medals for their country with 3 Golds.
True words ... our Olympians should learn lession from Paralympics players... kisi ke haat toh kisi ke pao nahi hain fir v gold jeet rahe hain medals hi medals aa rahe hain aur yeh log insta reels banake adhe marathon cchhorke aa jate h
2010 Commonwealth games !!! Horrible corruption 🙏 we need sports infrastructure and sports to improve health.. Live healthy life.
You are correct . Our school curriculum emphasis to much on knowledge that doesn't assist with health and wellbeing . Sports culture needs to be increased and participation with help find hidden gems who can contribute to medal tally ..
Horrible corruption?? Yes we agree but delhi is completely changed after CWG 2010
@@amitmantri5735 what changes did you see after commonwealth?
@@billionaire033 just go and ask people and I am from delhi. Infra in delhi is completely changed and moved very fast thanks to CWG
@@amitmantri5735delhi infra is absolute dogs**t bruh. You are just speaking about some posh areas in delhi. Maybe just centre delhi may have some good infrastructure but other than those places all are complete s***t. Do you know how water lag will happen in karol bagh and other main areas bro ? Just after 5 minutes of rain you literally can swim in the road. Delhi doesn't have any traits of a capital city. It even lacks many basic infrastructure facilities. Delhi is actually the worst bro. You can't defend it any ways.
Without at least 10 Golds and 50 Total Medals, Hosting Olympic is a Matter of Global Shame....
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
I wonder if India can really pull off the venues and Olympic Village for the Olympics. The last Commonwealth Games were kind of a disaster with stuff not getting built on time. And hey, where would they even hold the triathlon?
@@lao.l5880 bro Commonwealth games were fkin best thing to happen in that entire decade except corruption charges which without olympics is also a problem
sports budget - waste of money
bihar budget - best use of money 💀
Biggest shock
Error 420: brain not found
Why so hatred for Bihar babua? Bihar and Bihari people are huge successes each and everywhere in the World, Not only India. So please, STFU.
@@SagarAbhishek I can't understand how it's helping bihar If all the skilled biharis are migrating to other states... The only thing the bihar is itself in a bubble of lies
@@SagarAbhishekit seems that Bihar budget is entirely hosted by you😂😂
It's the common man wealth included😢😢
What you didn't say is that despite the investment of about $40 billion during the 2008 Olympic Games in China, Beijing's GDP grew at an average annual rate of 11.8% during the 2005-2008 "Olympic Input Period", with the Olympic factor contributing to an increase of 105.5 billion yuan in Beijing's GDP. In 2008, China's international tourism revenue amounted to US$40.1 billion, and after the 2022 Beijing Winter Olympics, the market size of China's ice and snow industry has exceeded RMB 600 billion. By the end of 2022, the number of people participating in ice and snow sports nationwide reached 300 million.
In 2008, China's GDP was $4.3274 trillion.
In 2023, China's GDP was approximately $17.858 trillion.
From 2008 to 2023, China's GDP increased by approximately 209.74%.
Hmm, Olympics wasn't the only reason though and I doubt it played a huge contribution. China has been setting it's soft power up for some time now.
But doesn't the govt spending of 40.1b$ also be included in the GDP so won't the growth during the input period leading up to the Olympics in building stadiums and infrastructure be invalid in the case of GDP growth pov?
@@user-lp5ij9vi4k Correlation does not equal causation necessarily. I doubt the Olympics were the main reason behind GDP growth in China...
It would be a far larger boon for the economy in regards to India to spent those billions of dollars on infrastructure, education, and other essential facilities that cause sustainable, real growth and benefit the people of India instead of burning it at the Olympics.
@@ishitapandey2037 it not about the number, it about the fame. the Olympic drew top architect and engineer to China as they want their work to be remembered, their entry into the chinese market training an entire generation of infrastructure expert that would turn China into the infrastructure leader it is today, there is nothing China cannot build today because of the infusion of great minds. the issue is it won't work in India because Indian are too proud to let other come and "teach" them. when your elite think their are already number one, there is nothing they can learn from others...
Paris Olympics has done superb branding of France.😂👌
😭😭💀💀
Thats too, Most olympic city receives close critical view of that city
Poop protest
Yeah😂😂. Defamation of Christ, boxing controversy, allowing child abyusers,uneatable food and so on.
In a backward direction indeed 😂
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.
Let Nita Ambani fund the Olympics and let them call it the Ambani Olympics. They seem to have the funds.
Not a bad idea
😂
actually, that's what they did for the 1987 Cricket World Cup
Exactly. Ambani say they love India. If they really love India then just prove it.
Bro internet rates will further increase.
Hosting Olympics might be expensive but Indian Economy will be much bigger than now. China hosted when its economy was same as present India's. They went for the bid when their GDP was just 1 trillion dollars. India has very negative image in the world. Olympics will help to get rid of that. Just like no one thinks China is poor now. Billions of dollars would be nothing for a country like India in 2036. Hosting olympics at least for once is good.
非常正确
贫穷落后的地区，其实最缺乏的就是让世界知道了解。
一旦在文化上有所展现，经济交流也会加强。
Dont compare china with india. They are doers not talkers
He is correct . It is economically not viable . Olympics is a waste of money for India .
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!
Yeh Modi bhakt haina isliye 😂
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!
Hmmm, interesting.
Fixing health, education, environment, employability and ease of business must be the top priority.
Olympics can never uplift millions out of multidimensional poverty
And eventually move completely away from physical activities. Make a lot of money and also beat china in diabetics numbers 😂
I pity your thinking.
Building economy with what ? Socialism policy ? 😅😂😂
It wont be an economic disaster if the set up is used properly in future. If the buildings built for housing athletes are built in flat style and sold of after completion of events then there will certainly be buyers for them. The stadiums and sporting structures should be used for National games and other sporting events.
Exactly.. It's not a economic disaster.. It will a very good excuse to develop world class sports facility in India ... which is long due.
If one thinks like this .. army is also waste.. space research is also waste...
Actually I think Brazil tried this with fifa when they hosted it despite having lot of demand for football in their nation they still took heavy losses
As for the renovating the stadium in to flats i'm not sure if it's even feasible
I think quatar did a good job in this they created a stadium using mostly shipping containers and can be easily disassembled well there might be more way to smartly use all the other infrastructure by the main reason countries even hist Olympics is because of sports washing Germany, Japan, china all used this strategy to gain international status
Olympics, fifa and other sports events are usually not seen as a major economic assert rather a political assert (not saying it's bad or anything)
"The stadiums and sporting structures should be used for National games and other sporting events." The scale of olymic audience is different from other national and state games. Most of olympic stadium from previous like Tokyo, Sochi, Bejieng, Rio sits half full or empty.
@@VrindaBhansali It will only develop world class hosting venue in India not world class sports training centers
No brother it will be a serious blunder if we do that.
1st . We dont have the money to upgrade our railways, every month people are dying because of railway accidents.
2nd. We dont have enough money for our Research and development budget.
3rd. Our defense public companies are not doing well because of lack of funds.
4th. We don't have money for soldiers so we are telling them to "get out" after 4 years.
5th. we have people who have water and electricity and clean air issues
But we have money for a 1 month gaming event. isn't that shameful. We will host it once we become a developed country.
Hosting Olympics in India will be very beneficial for India as the infrastructure that will be build will be utilised even after the games and the most dramatic change it will make is that it will change the though process and will motivate and inspire future Olympians. Also the economic of Olympics in different countries are different and it will be profitable hosting Olympics in India, just like Cricket in India.
yeah that will not happen, building is not the hard part. maintenance is, look at any brazilian stadium they built in rio, none of it is functional today, it has become a place where even animals might not live abandoned, risky and utterly useless.
build better grounds in school and you will find more sports activities and use
This is your first video to predict a future economic crisis with support of a strong data. All the rest of your videos solved the past problems till now. Kudos to you Ganesh and your team.
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.
Bharat should spend very less money on olympic and priority should be our continuing support for sir Putin! Russia is our friend France is not also we hating so many countries in olympie China, Pak, Canada, Britishers, USA, Maldives, Germany all countries of peacefulls we should not playing games with these people! Jai Hind! Jai shree PUtin!!
And now pakistan too bro 😢
India to win 6 gold medals at a time, it will take 24 years, let's calculate, India adds 1 gold medal every year, we got 0 gold medals in this year, with this adding every 4 years 1 gold medal, it may take 6 olymics participations or 24 years to get 6 gold medals, may be more years as our quality of players is decreasing in Olympics, let's hope we win atleast 1 gold in next Olympics 😁👍🥇
要不你看看北京奥运会😂
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.
You can make money with OG if OC alows
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
Because its a agenda to feel yourself that not winning gold or top the tally is okay for a 1.4 billion people country. He is sold buddy, narrative is to lick current govt.
I think we can utilise our existing cricket stadiums to use for Olympics.
If needed we can host different games in different cities like we do in IPL games.
In this way we need not to build a new stadium, players will directly go to their stadium as planned. We can use our existing security measures to not to spend on more security.
This is kind of win - win situation to promote all the major cities across India.
Life is not p&l. India is one of the most unhappy countries in the world, if spending some money improves the happiness, then it's a gain overall to the productivity/output. Sports is one of the cheapest way to improve happiness or morale .
Definitely Olympics will improve happiness of politicians and businessmen since it's an excellent opportunity to do huge corruption
I agree with your first line but we should focus on a long term solution to improve the average happiness of Indians. Olympics or any other events can only provide short term happiness to the audience.
India is indeed like what its tourism slogan says, “Incredible India.” According to the global hunger index ranking among 125 countries, India ranks 111th from the bottom and is in severe hunger. Many ordinary people at the bottom in India can’t even have enough to eat. With such strength (failing to win a single gold medal on the Paris medal tally) and such national conditions, it still keeps thinking about hosting a high-end sports Olympics every day?
😅😅😅
Vinesh Phogat you win 140 cr heart❤
This I'll agree with along with pv Sindhu and Neeraj Chopra. The 3 most confident people India has seen recently
@@kevinmathew2973 not pv Sindhu she was lost in final 🤡
And 1st round exit at 2024 Olympics 👎👎
@@uoxgaming9802Ok sir how many olympic medal you have?
lol
❤❤
Hosting mega game and not getting even a single gold medal mean bring shame to our country. Nita Ambani want to bring shame to India.
But it will bring profit to their companies.
Thats the real will@@_parthivvv
what the hell did she do?
We should think from fitness, and awareness towards sports. Young kids will see them as well as parents and it will bring monumental change in upcoming years. Its good for India to be a sporting nation.
Hosting Olympics is not just about to generate massive profit or loss it's also about of proudness which 150cr of population feels N chnging their mindset towards future in sports,were todays parents doesn't aware.
The most important aspect that he missed mentioning is the TV /Online coverage. Even within the same country people don't travel to watch the sports/games due to excellent TV coverage. With huge screen LCD /LED TVs, it's not worth going to a sports arena and watching it live from 500 mts. - 800 mts. away. I was planning my trip to Europe during Summer and changed the plan to next year due to the Paris Olympics. Everything has become expensive - hotels, food, local travel, etc.
Dude, I miss your geopolitical case studies. There's a lot going on from the Middle East to Southeast Asia. I would love to hear your insights on these
When you stop wasting money on CRICKET, everythings gonna fall in right place.
In India cricket generates so much money due to craze unlike olympics
It's not about wasting money, but BCCI needs to pay tax, they are exempted from it but the govt shouldn't have done that earlier
@@manikantansrinivasan5261 true, it's generating a lot and getting used by players and sponsors for living a lavish life... Not to you craze watchers or the government...
couldnt agree more even in cricket only lets say top 200 players are getting all the money while rest are just doing jobs
And thereby zero taxes
Because it is a charitable organisation@@manikantansrinivasan5261
One thing you missed is that Olympics will encourage the youth to take up sports, to work hard, to have good role models, to be made aware of great stories of struggle etc. All these help in building the nation, the cost of which cannot be calculated. It's not just about money or branding.
Most of the schools/ colleges doesn't have play ground. Don't know why governments allowing educational institutions without play ground, interest in sports should be start from the school age itself. Support for athletes and infrastructure development should be done by both government and private entities, this will improve the situation at root level.
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😂
Welcome to India
Vinesh herself accepted her mistake. What are you talking about? She should have kept her weight well below 50 if she is fighting in that category. My condolences with her. Hope she starts something revolutionary for young athletes as she had taken retirement
@@impossible9599i agree... But most likely she will join politics ahead of Haryana state election
dead braincells
Godi media
Olympics and sporting events are not about money it is a stage of global reunion. where people can talk collaborate in a constructive way and not always fighting or competing. and different country host and take the financial hit , India being 5th largest economy should take hit and take part in global stage. Every country will win some or loose some. and everyone has something to rejoice.
ea Goddi media he😂😂 simple baat samjh nahi payenge 😂😂
True. These financial so called gurus think everything about money.
@@yashchaudhary6146 It is about money when it comes to developing nation.
I agree and the olympics haven’t given returns to any countries
Infact instead of 8-15 countries, only 2 countries applied to host olympics this time.
And they gave a summerolympics to each one in Paris and One in Los angles 2028 in one go in fear that they may have none next time.
Btw LA mayor at that time is US ambassador to India today
This is a great study. The Olympics should consider virtual tournaments in smaller infrastructure models with only country representatives and athletes present at the virtual event, rather than hosting a grand scale economy draining mechanism that can be seen vividly through decades.
India might hate China, but we can all see how bad they perform at Olympics.
Even worse than Hong kong.
And Pakistan?
Pakistan won 1 gold medal but India won ZERO gold medal
India performs bad in olympics , china is way better
@@In10sed-ye4tm Yes! That's what I am trying to say.
Stop heaping dizzying praises after praises on the under-performing sportsmen. It's encouraging them to remain mediocre.
I really wanted you to a make a video on Olympic but I also wish that you would have covered the topic that "does performing good at Olympics also helps in branding or not and why India doesn't take Olympics seriously"
Please remove politics and let the real talent bloom... only after that we can expect a change ❤❤
Then people will say dictator dictator
Millions of tourists, so much money, all attention on India, but we will win only 5 medals, mostly bronze. Cricket players are GODS, but other sports persons do odd jobs to barely meet their expenses.
2028 olympic will have cricket let see will india get Gold😂😂😂😂😂😂😂😂
Is cricket even a sport?. Hide and seek is better than this game 😂
It's not a zero sum game. Olympics and policy changes are complimentary.
India should host the Olympics at any cost.
We have 144 + cr population but still getting medals in single digit
On the other hand our neighboring china gets nearly 100s of medal every Olympics . Its like shame to India and it's politics 🙏🤫
Pls support athlets and make India proud at international level
What about indian parents
Norway has a population of 5 million. 4 gold medals.
@@peeyushdey4767 it's not about parents it's about our nation bez every parents thinks about children's future
At the same time country cannot give that guarantee in sports thats the main reason for least medals
Correction. The majority of them are migrating to other countries (which are best in all segments).
Why should we support when we as middleclass are constantly looted by govt inform of tax
Loyalty towards this country has died off. Those who get out are getting out asap
Banana republic must fall
Those who are Commenting Everything should not be Linked with Economics First of
all you have to look at our Basic Health Infrastructure India is still pretty much behind in Health Facilities, All Our Hospitals are Overburdened and Beds are always full and People blame Doctors for not Giving Quality Treatment and attention/care, Which is not their responsibility in Government Sectors due to which Quality treatment Gets Compromised.Also India need many developments to improve Quality of Education both at School and College Level.Indian Education is lacking both there's Lack of Infrastructure and Lack of Quality of Teachers(This mainly at School Level is alarming).
So true
I think it will be an economic disaster. That is the reason why no country is willing to host these days. The amount of money to build that kind of infrastructure is very high. but the return on investment is very very low. And we know if this happens how the politicians are going to become rich. we need to use that money in our railway upgrade.
No it will be a serious blunder if we do that.
1st . We dont have the money to upgrade our railways, every month people are dying because of railway accidents.
2nd. We dont have enough money for our Research and development budget.
3rd. Our defense public companies are not doing well because of lack of funds.
4th. We don't have money for soldiers so we are telling them to "get out" after 4 years.
5th. we have people who have water and electricity and clean air issues
But we have money for a 1 month gaming drama. isn't that shameful. We will host it once we become a developed country.
If Ambani family wants to do it with their money then OK. But not on tax payer money. The middle class is suffering because of all kinds of taxes(school fees, food fees and many more) but some people want to destroy 20 billion dollars for drama.
Ambanis are like British Royal.
I was badly waiting for you to make a video on this topic, glad you finally did it.
Soft power can’t be measured in terms of money. It’s an indication of country economic power. That a country can invest in such a privileged event. Everything is not measured in terms of absolute return of net money
Bro this was an eyeopener.
I thought that whatvever cost is being occured to build facilities.
Selling of sponsorships, satellite right and tickets shall recover a good amount.
To think that beijing olympics resulted in huge losses despite so much investment means purely from risk reward perspective rather use money to better existing facilities and setups to convert our bronze medals to gold 🥇
Thereby increase interest among kids at young age to take up sports other than cricket and once more gold flows in parents will be ready to send more kids to sport careers.
Once that demand kicks in naturally more facilities will open up as opportunities increasing further interest.
Like this will be a slow and steady path to growth but a more solid one instead of making huge losses like you mentioned
They should have spent the money on primary education instead.
Bruh
If they say 2036 , you should expect 2040 .
We will have money by then
And you know which businessmen are going to be profited if this happened.
@@patel.k0 money is comming to india right ? why so much hue and cry when indian business man earns ?
@@ashiqdeyfool..fdi surely doesn't mean they are earning
Use olympics to market Tire 2 cities in hinterlands of Bharat by hosting in Raipur and Ranchi as twin city host's.
Still cash burning event, no use. Loss making events should be avoided.
@@rohitsawant5805still better thn using south idnias tax money in Bihar and UP
@@prasannaik8604 UP is paying more tax than those rice bang converted Southies
@@prasannaik8604 even Olympics money will be burnt in North India only.
@@prasannaik8604 why you southis keep barking our money our money all time , Maharastra contribute highest to coorporate tax and income tax , Gujarat contribute highest to India's Merchandise Export , Jharkhand,Odissa,Chattisgarh 70% of Indias mineral and minning output , Punjab , UP contibutes in food production, Bihar,UP contributes in labour availability for contructruction and other works , Himalayan states are contributing by preserving nature and ecology ,Haryana contributes in Sports also NCR region are contributing pretty much in tax as well ,so why you people always acting like it's just you contributing to everthing in India .and all south people are so great so educated and we are looting you , If you all are so educated why your all keep crying that North people are taking your jobs why demanding regional reservation , if you people are so talented why you people are not able to performing excellent any Pan India test like and keep blaming us.
There is more to life than just money. Patriotism is important for unity of a country and it's people. Recognition and admiration from the world is important as well. Tourists finally seeing a safe and developing india also spreads our culture and opens the hearts of outsiders to our world. This is the center of the hindu world.
your health seems down judging by your voice change. i appreciate the way you're still so dedicated in creating videos.
China is still the winner, Bharat boy. China show the world that it has emerged as the economic powerhouse in the world. BTW India medal win in Paris olympic is 1 silver and 5 bronzes, which is equivalent to Zhang Yufei medal win in Paris. Cry India Cry,
Eye 👀 Opening Case Study regarding Olympics! Just Awesome Work! 🔥🔥🔥
13:50
Stupid argument, if Olympics was scheduled to be hosted in India in 2018, Government wouldn't have done Demonetization in 2016, or there would have been proper planning to have minimal impact on Olympics. 🤦
He just wants to ride the wave of ongoing production of propaganda to get views, things revolve around views
Very interesting take. In the uncertain world, projecting the cost is not an easy task and will most likely turn out to be way off than reality.
BTW, Cricket is also going to be added in Olympics from 2028.. So that will give a good revenue boost for the host country.
True. And good to know that I was thinking the same. Your arguments and points just gave much clarity and great explanation and reasoning. Great study from think school. I really feel India should skip Olympics bidding.
maybe by next Olympic , India is already one of the world top economies so financial won't be a problem. and some India athletes are strong. they will get good results by sone hidden talents in India. there is no instant results.
Top economies????
One is the worst in per capita income, hdi, equalities, hygienic and currency value. Not to forget the passport index. You really think the Olympics will be held in endia. Japan China France etc won't allow that to happen. First endia needs a toilet, jobs, Eradicate hunger (impossible).
@@sabarinathan6554 I agreed too what you said about situation in India now. but rapid growth in India now can't underestimate India one day will be one of the powerhouse. same as what happened to China
@@smash_27 what do you mean by Rapid growth exactly????
Can you name them. If this country is growing remember China and others are also growing . This equates to the conclusion that endia can never be a Power House. China won't go down or give up that easy
I know you're talking about Olympics, but should've added the common wealth games we hosted that was an economic disaster as well.
Suggesting WHy India should not host Olympics rather than what India could do to host or upgrade it infra, provide employment indirectly and directly and other socio-economic benifits itself seems not so heartwarming. It's well known fact that deliberately playing the poor or dirty country card on India whenever it broke the barriers or hegemonic discourse of western establishment and irrationally propagated by westoxicated distant Indian elite, is no unknown to common man of BHARAT. Whether it's Indian Space mission, Ayurveda, music and dance or any other architectural, economic, scientific enhancement someone will always there to perform the act of crab so that one should never cross the self created boundary of restraint and achieve the place which India had since 90% of its 2000 years of history on world arena.
Spend money on border fence than Olympic
Its so disheartening to see 1.5 Billion not winning 1 gold medal. Need to shift focus other than cricket, Govt need to spend money in better infrastructure and give scholarship and promote other sports and separate politics with sports . Hope one day India will be on Top 10 in the Medals tally.
Excellent case study. Makes a lot of sense. Number crunching and historical facts were an eye opener. Tx
I think when a country receive Olympics hosting, it should be granted for three olympics. As the infrastructure could properly be used and country could plan things for a long run. The hosting will give real benefits to the hosting country.
Still it will be 12 years and only few months of use the maintenance will bleed us
good idea
Hosting Olympics is like economic muscle flexing. So if a rich country does it, it's good for them. If we plan to do it, it is projection and resolve of our economic success. I would ask everyone to discuss this topic at greater details. I'm sure Indian way of handling these problems will surprise the world in a good way.
Agree with you, should pursue other methods of soft power, like spreading our rich cultural heritage
Very balanced & unbiased approach . A true patriot 🫡.
Our atheletes and players are creating upsets in wrestling, chess, javelin, badminton, shooting and powerlifting yet we never see these facilities in schools or university. The government should make sports as mandatory subject to students similar to USA, China, Korea and Japan from schooling itself. No schools must be run without atleast 5 different sports facilities. The results will then speak for itself in future.
Cricket is one of only profitable sport for INDIA 💯
TBH, yes. The horrible truth.
if big talk goes into olympics then india will win back to back gold medals 😂😂😂
total 3 weeks Olympics games, 3 bronze medals, india no 1 in olympics 🎉🎉🎉🎉🎉🎉
sarcasm at peak 💀💀
Yes, 21st position in the medal tally!
But from the bottom 😂😂
Hosting an Olympics could go haywire for other countries but it could turn well for us.
The reason being, countires build infrastructure for Olympics and then it turns useless but when we'll build all this infra, be it stadiums or the road & railway networks, it'll be useful for our athletes in future to avail world class infrastructure as well the other infrastructure would be useful for the country's further development!
Its actually delusional to think we will use them after Olympics as we have already seen other countries failed to do so even china
Not everything needs to be viewed through the lens of capitalism. Events like the Olympics go beyond mere business; they unite people from all corners of the world, fostering a global sense of community. The Olympic Games highlight the importance of sportsmanship, bringing different cultures together in a celebration of human spirit and achievement. This unity and shared experience contribute to the growth of mutual respect and understanding on a global scale, which is invaluable in today's world.
We should first build sports infrastructure in our cities...it is too costly to take membership of one or two private sports clubs that are there.
Hosting Olympics is not only for making profit.. it is also for imposing soft power, political statement, showcase of your progress..
but what did Brazil achieve by hosting Olympic.?
When youtuber becomes jack of all trades, defence, national security, economics etc...
1% club is sham . please don't even believe it..
Sebi has given clear guidelines for such so called economist youtubers
Don't give them your hard earned money
This title is misleading.... it should be. "Why hosting Olympics could be a waste of money for India?
Great analysis… 100% agreed with your points…
You are amazing, this video gives me another perspective to see things around....when I heard I think we should organize the event....but at what cost. Instead of bidding on Olympics India should invest more on athletes sport infrastructure within India and bring more medal...this should be better than hosting .
If they want to spend money instead first spend money on Olympic sports infrastructure and first we need to develop a sporting country first and fund Olympic sports, totally waste of money
i never expected think school to have this bad thinking about sports
I still believe sportswashing is needed for a country like India as it is highly misunderstood around the world. Even our movie industry portrayed it in a bad light. It's just that recently things have changed. But after a decade I still believe we would have enough money to host an Olympics and better sportsmen.
And for the economics part of it, we have to consider that since we are hosting the Olympics there will be more eyeballs and Broadcasting rights will be a huge amount. If an annual event like IPL can get you a billion dollars, the olympics can also get that.
We can also expect a lot of pvt investments in the game city. So, the Govt will not have to bear all the costs.
In short I believe it will be a beneficial for India. I won't say economically beneficial but an overall net benefit.
If our central government give free gym (even private) for our citizens after 65, medical bills and manufacturing medicine can be reduced. Also health of senior will be improved.
Thanks for letting us know these important points, otherwise like everybody we think our govt is just so good .....
Now they can't use this as Marketing strategy before elections
Thank you 🙏🏻
Ask this to the sportsmen and athletes and you will get a response. Not everything needs to be linked to finances from countries perspective. In that case our country's budget should as well always be in surplus, what say now?
✅ right
If you meet our athletes ask when they are getting gold, before hosting the games.
well.....Bejing olympics did paint a picture of very strong China.....which might have inpacted their growth in 2010s...
why should India not consider it?
and we dont have to host now, its 12 years in future.....if all goes right, Our econpmy will be stronger then....
For a country running a fiscal deficit everything is linked to finances.
Its really hard to trust the information and conclusions, when all of the data is not shown. In every graph, data of random years is presented. This leads me to think what about other years? Please include all the data points in a given range to prove a point. This just looks like data is cherry picked to prove a narrative.
Wrong, India has a home advantage plus the Ring of Unity center has been designed to be a focal point for the sports enclave. This will serve as a platform for cultural events, festivals, and commercial activities, accommodating up to 5,000 people comfortably, with the potential to expand to 12,000 with temporary structures. The Ring will feature an outdoor amphitheater, an open plaza, scenic walkways, and a waterfront deck, ensuring year-round enjoyment for residents and visitors alike. Moreover, the design of all SVP sports enclave incorparates versatile and modular facilities, allowing the stadiums to be adapted for different purposes, including national and international sporting events, concerts, cultural festivals, and community activities. This flexibility will ensure that the stadiums remain in use, generating revenue and serving the local population post Olympics.
First India must take care of its citizens pooping or defacating on the streets before ever dreaming hosting the prestigious Olympic Games
Source : bbc 😂
Great Analysis, Ganesh!
One more pattern, and most important one that comes out of this, and probably missed in the video is ADVENT OF INTERNET!
For Publicity and Branding , pre-Internet era (1990s), Olympics was very effective as that brought the world's eyeballs in front of a TV set. Thats why olympics until 1990s were somewhat profitable.
Post-Internet era, globalisation of knowledge also happened at a tremendous pace, hence nobody needs these landmark events to know about a country and its culture. Like you pointed out, Movies, Music and Animes etc. especially with OTTs can do this today much effectively and cheaply.
You showed the cost versus revenue but missed to mention the details and also the fact that the service providing companies did make money and the employment that was created in the preparation of the event.
Not just the ones who are directly involved with the event but also ancillary industries as well so all in all it’s a win win for the host nation
No country other than India has 2k per capita and has such a vibrant "democracy"
No country other than India has 2k per capita and has such strong 'stock market"
No country other than India has 2k per capita and has such good "hospitals"
No country other than India has 2k per capita and such good "UPI"
No country other than India has 2k per capita and has a "bullet train"
India is unparallel, "Olympics in India is doable".
Per capita of India is 2.8 K now.
State in which it is planned i.e Gujarat is already at 4.6K USD.
By 2036 projections, it'll easily be 12-15 K USD considering growth rates of Gujarat
You are true.. but the issue over here. That you know this beggers.. left ...
I guess you know the havoc they are gonna cuase
That's because of huge middle class population.... About 80 crore people still depend on free food from government
You are talking about "UPI" 😂. Most dominating apps called Phone pay(Walmart- American) ,Google Pay(American) ,Paytm(Check the investors) are foreign companies app. And the whole infrastructure in Google(American). For them making UPI is 1 month work 😂. But their companies called Mastercard, Visa don't want to happen this
@@peterparker9954 Brooo some middle man is stealing this money its not receiving to this middle class
I feel it will not be much disaster as predicted. India have pretty good number of players who can help to maintain infrastructure if infrastructure is developed accordingly except few sports. Olympic Villages can be easily converted to government residential buildings for homeless or illegal dwellers. Basically its all about planning , where there are some questions to me.
Homeless dwellers? Really?? And they can maintain a place which is meant for international visitors? Are you in your right sense of mind?
As country you have to submit proposals to win the chance to get to host olymics and you have follow IOC recommendations in buliding all venues and residential, and it have to acc. to their tastes. Unless no one wants to host olympics like 1984 summer olympics where Los angles got to do whatever they wanted and however.
Then and only then your proposal could be implemented sir.
This video is extremely misleading as it reflects that your capitalist mindset is overlooking social factors .....I have been watching your videos for a long time. I find them helpful and informative. Yet this one disappoints many, including me, who have a balanced mindset.
What kind of social factors
please explain your viewpoint...
India is happy with 2 to 4 medals ( not gold ) only and making propagation as that they are superior in list and won 99% of all medals. Players are being honoring for millions and asking more. While this many should be used for nurseries. India where unemployment and poverty is the biggest issue, players are enjoying themselves just for tiny victories. It should stop and money should be used for planning sports.
@Xoxo123-zr1rk Thik hai, mn nhi Jeet skta but there are millions of young kids who are very able. And why to give everything to these small victories ! Do they deserve such a huge ! Don't forget what tricks they used to earn money. Are they not selling gamble and speculation through advertisements ? Are millions of teenagers not ruining their life ? Who will voice for them ! Are you daring for this ? Have courage to see these things.