Tuesday, May 25, 2010

Not for common...commonwealth...CWG

International activities which aims to integrate different economies are of crucial importance for the development of every nation on the front of increased economic development. Some of these international activities can be Olympics, Commonwealth games, conferences etc.

Now, one thinks how can these activities helps in economic development? then the answer to it is very simple, it attracts FDI into country, attracts foreign players for setting up of their businesses, employment creation, infrastructure development, spread of cultural values, boost to host country's industries, increased foreign exchange and a good image in the world's map.

Earlier, this opportunity and pleasure was vested with developed economies on the perception that since they are developed, so they will be capable of hosting such events. But now, scenario has reversed, developing and emerging economies are also been given equal opportunity to prove their mettle in hosting such events so that they can also get equal chance for development. We have lots of examples of this phenomenon around us, like China's successful hosting of olympic games, Brazil has been provided with an opportunity to host forthcoming olympic games, and India is hosting commonwealth games in FY 2010.

Reason for writing this blog is to think that are commonwealth games really able to provide above mentioned benefits. Are commonwealth games good for Indian citizens? Will commonwealth games be able to provide benefits to India? Well, after careful analysis I can say that commonwealth games are not creating any wealth for the common people, rather they are overloading them with huge price pressures in already highly inflationary conditions.

Delhi Government introduces various mandates for commonwealth games. As common people are already under high inflationary pressures thanks to slowdown in financial, economical markets and monsoon led lower supply, Delhi Government increased tax rates to cover up the funds required for the various developments. Apart from this, it raised prices on various commodities e.g., electricity, gas, pulses to vegetables.

All private buses are mandated to stop commuting during games interval. Various shopkeepers on commonwealth games track given mandate to shut down their shops during such period. Now, after seeing above facts, I am thinking whose making wealth out of these commonwealth games, ministers or common people.

Lack of planning, absence of strong leadership and lack of coordination among ministries is the sole reason behind the delay in the commonwealth project and ultimately the reason behind the fears and tears of common people. Story is still open for a good ending and let's see whether these commonwealth games will be helpful for India as they were for other economies. Will they create wealth for common people like they did for common people of other countries?

1 comment:

  1. Very true buddy.. What ever are the reasons behind it but the thing is that because of these uncoordinated, unorganized, lazy and selfish people our country is struggling to save its name in the world's map and we "the common people" are facing the heat and paying for it.. We all pray and hope for the good ending....

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