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Time of India

IIM-A to study socio-economic impact of Olympics on city, state

Gandhinagar: How could the 2036 Olympics, if hosted by Ahmedabad, impact the city and Gujarat? The findings will play a crucial role in shaping the commitments outlined in the 'Host City Contract', with a focus on fostering long-term benefits and sustainable development for the host communities. The Gujarat govt has enlisted the Indian Institute of Management, Ahmedabad (IIM-A) to conduct an in-depth analysis of the socio-economic and environmental impacts of hosting the prestigious event. Commissioned by the Gujarat Sports Infrastructure Development Company (GSIDC Ltd), and to be conducted over the next six months, the studies aim to evaluate the potential impacts on Ahmedabad and Gujarat, ensuring alignment with global sustainability standards. The studies will focus on identifying and standardizing relevant environmental metrics, design of a stakeholder engagement framework for environmental assessment, and assessment of carbon emissions associated with the Games. Top govt sources said that these studies are mandated as part of the requirements for Olympic bid evaluation and host city selection. "The findings from these studies will influence commitments in the Host City Contract and will require continuous monitoring, with reporting obligations at one, five and 10-year intervals after the Games," sources said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Watches Under 20,000, Buy Now Sale Is Live Luxury Watches Shop Now Undo You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Gold Rates Today in Ahmedabad | Silver Rates Today in Ahmedabad Stating that independent third-party verification and validation of the studies are also required, official sources said, "The primary purpose of these studies is to ensure that the Games contribute positively to host communities, support sustainable development, and create measurable long-term benefits beyond the event." The scope will also include risk management by identifying and mitigating potential negative impacts and aligning with UN Sustainable Development Goals. According to officials, IIM-A's scope of work includes examination of changes in demographic patterns and community development, analysis of public health and well-being outcomes, assessment of workforce development, skills enhancement, and volunteerism, and evaluation of long-term social changes. "The economic impact study will evaluate direct contributions from key revenue sources, analyze indirect and induced impacts on sectors such as transport, hospitality, retail, and real estate, assess employment generation potential before, during, and after the event, and forecast long-term economic benefits," said officials, adding that the business school will use economic modelling techniques like input-output analysis and cost-benefit analysis during the studies. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.