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The Economics of Mega-Events

Diplomatic Mega-Events: Hosting the G20

How India's 2023 G20 presidency held meetings across many cities, what it cost, and how summits create different benefits from sports events.

Not all mega-events are sports.

India’s G20 presidency

  • India held the G20 presidency from December 2022 to November 2023.
  • It hosted over 200 meetings in around 60 cities.
  • The New Delhi summit in September 2023 took place at Bharat Mandapam.

Outcomes

  • The African Union became a permanent G20 member.
  • A leaders’ declaration was agreed despite divisions over Ukraine.

Spending

  • The government spent on venues, city beautification, security and hospitality.
  • Bharat Mandapam was built as a lasting convention centre.

Benefits

  • Global visibility for many cities.
  • Soft power and diplomatic influence.
  • Upgrades to city infrastructure.

Concerns

  • Slum clearances and covering poor areas raised criticism.
  • Temporary beautification.

Different logic

Summits are shorter and cheaper than Olympics, with benefits mainly diplomatic.

The meeting city

A G20 working group meeting brings delegates to a smaller Indian city, which repaints streets and showcases local crafts, gaining rare international attention.

Thinking mega-events are only about sports

Diplomatic summits like the G20 are mega-events too.

Key takeaways
  • India held the G20 presidency in 2022-23.
  • It hosted over 200 meetings in around 60 cities.
  • The African Union joined the G20 as a permanent member.
  • Summits offer mainly diplomatic benefits.
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