Sunday, April 11, 2010

Sports as a stimulus

Considering the amount of money that is being spent on the common wealth games to be held in New Delhi , India and the amount of business the Indian Premier League (IPL) is doing, I think the governments can definitely consider putting some money into sports during recession as part of the stimulus package. The multiplier effect of this is enormous: More drinks, eateries, logistics, advertisements, merchandise,etc.

In fact, IPL 3 is expected to have revenues of $1billion or Rs.4,600 crore for a period of just 45 days.

No comments:

Post a Comment