Major Sporting Events and Their Effect on the Regional and National Economies

The interpretation of the term "economic impact" used mainly for sports events and the influence that it has on the region and the national economy differs between short-term and long-term. Therefore, British Sports adopts the following definition in its major event strategy. "The net economic change in the venue community is due to the cost of being a sports event or facility." (Turco and Kelsey 1992) Promote rural, regional and national economies by looking at major sports events in the UK.

The purpose of this review is to understand the direct and indirect impacts of major sports events on the economy and to understand how major sports can open up new aspects of the economy. This was done with reference to various magazines, articles and magazines, and as a part of a preliminary investigation to analyze the economic impact of major sports events, the data collected was It was verified by citation and current status. The final stage of the IPL survey included an analysis of the contribution of the IPL to the Indian economy and analysis of how IPL opens a new dimension for economic growth in India and attract domestic and foreign investors It was. This phase also includes SWOT analysis of IPL. This is essential to the success and future development of IPL.

It is often easy to find reasons for not holding large sports events, excessive debt, and more important priorities. However, major sports events can create enthusiasm and excitement for such games. It can help to promote the absorption of sports having a permanent benefit to national health. In addition, major sports events can promote the increase of volunteer activities and promote the virtue of citizens. The Olympics will attract tourists, athletes and media. This will increase spending and inject into the regional economy. However, this type of injection can only be done for a short period of time (several weeks), with little impact on the economy as a whole. In addition, the introduction of foreign tourists may be offset by local people to avoid inflow and overcrowding.