CWG: Bonanza for the Indian economy

India's much maligned Commonwealth Games will have more to it than its glamorous opening ceremony. As per the government the event is expected to add US$ 5 bn to the Indian economy. In addition it will create 2.5 m jobs in the country. The 71-nation Commonwealth grouping is set to have huge potential in sectors like agriculture and infrastructure. The Indian government is hoping to tap them based on its new-found credibility after the successful opening of the games and its nearly hassle free conduct so far. Given that it has already spent around Rs 115 bn (as per some estimates) on the event, any economic benefit would be welcome. But given the financial stress that sporting events have caused to governments so far, do not think the CWG will be any different.