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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