Macroeconomic indicators - CWG 2010 will result in economic impact
Commonwealth Games 2010 is expected to result in an overall economic impact of USD 4,940 million on India's GDP during a period of four years ending 2012 and create an employment opportunity close to 2.47 million.
According to a Games Organising Committee document, this figure is almost three times the economic impact the 2006 Melbourne Games had on Australian GDP.
The document stated that "It is estimated that the Commonwealth Games 2010 would result in an overall economic impact of approximately USD 4,940 million on India over the period of 2008-12.”
It said the 2002 Manchester Games created an impact of nearly USD 3,400 million in Britain's, while the Melbourne Games created an impact of USD 1,600 million on Australia's GDP.
The OC estimates said the Delhi Games are also expected to create an enormous employment opportunity of close to 2.47 million jobs.
It said that "The social and environmental impact of the Games will be highly laudable as they are bound to encourage improved standards of education to children, boost sports activities, create a better quality of life and experience for citizens, increase international recognition and create environmental consciousness among the community.”
However, an NGO Hazard Centre claimed that Delhiites will have to pay a huge price for the development work carried out for Commonwealth Games and in the next 25 to 30 years, each one of them will have to pay a debt in form of increased prices of land, basic commodities and petrol.