C'Wealth Games likely to boost Delhi's GDP
The C'Wealth Games 2010 will not only benefit Delhi in terms of better infrastructure but the region's economy is also likely to rise by 49 per cent.delhi Updated: Jun 15, 2007 18:44 IST
The Commomwealth Games 2010 will not only benefit Delhi in terms of better infrastructure but the region's economy is also likely to rise by 49 per cent to touch Rs 1,75,000 crore, industry chamber Assocham said on Friday.
"About Rs 4,500 crore of revenue is likely to be generated during Commonwealth Games with various promotional and sponsorship activities.... Its Gross State Domestic Product (GSDP) might be pushed up to Rs 1,75,000 crore from present level of Rs 1,17,000 crore," a chamber statement said.
According to an Assocham study 'Forthcoming Commonwealth Games: Possible Revenue Generation Resources for Delhi', the Delhi Government and Organising Committee would earn Rs 4,000 crore through sponsorship and advertising, while Delhi Tourism and Transportation Development Corporation would draw Rs 450 crore.
Besides, private hospitals in Delhi and NCR may earn Rs 50 crore through medical tourism, while Delhi international airport is likely to earn over Rs 40 crore through increased inflow of foreign and domestic tourists for the Games.
In total, the revenue generation would go over Rs 4,540 coming from various sources.
"The Games will generate so much of direct and indirect activities in almost every key segment that touches masses with large number of infrastructural projects getting commissioned, Delhi GSDP is poised to rise by 49 per cent in next three years," Assocham Secretary General D S Rawat said.
Rough estimates reveal that Delhi's current contribution to national GDP is about 5 per cent, the statement said.