Every time I take into consideration India at the Olympics, a recurring thought happens to me. Is there a connection between a rustic’s Gross Domestic Product (GDP) & its medal haul? Plotting High-10 international locations by medals tally at Olympics towards High-10 by GDP affords an fascinating perception to deduce that some connection does exist.
Barcelona-1992 is an effective peg to start the evaluation since boycotts marred the three earlier Olympics. US at Moscow-1980, USSR at Los Angeles-1984 & North Korea at Seoul-1988. The final one was held underneath risk of an ominous bomb scare perpetuated by a Korean airline bombing.
1992 was additionally a yr by when chilly struggle geography had altered in Europe. Berlin wall was breached in 1990. West & East Germany would once more take part as one nation. USSR had disintegrated in 1991 and would ship a “unified workforce” for one final time.
For High-10 rating by GDP, I used each Nominal GDP at present costs & GDP by PPP (Buying Energy Parity) since I contemplate the latter as extra lifelike and consultant. Moreover, PPP allowed me to get India within the reference pane and added selection to the nation basket. For instance, Canada and Spain start to maneuver out and South Korea and Indonesia come into the body. Why that occurs is for one more article. Right here I shall stick with medal correlation with GDP.
Usually, barring few exceptions, all High-10 economies are additionally amongst the High-10 in medal haul at Olympics. US and China sit firmly on the high in keeping with present world financial order. And Germany and France showcase a constant development.
Hungary and Ukraine determine simply as soon as within the medal haul maybe getting busy with transitioning to a brand new post-cold-war world order. Although I’ve a sense the Nice Magyars will return quickly and so will Ukraine.
Russia, the focus of erstwhile USSR makes for fascinating statement. Being amongst High-2 traditionally, put up disintegration it slips on the nominal GDP rating. Infact disappears until Beijing-2008. It nevertheless manages to remain within the GDP rankings on PPP foundation and by London-2012 it reappears via each routes. However curiously the nation by no means drops off the medals rating. Relative weightage of nominal and PPP GDP for medal correlation could possibly be a degree to ponder intimately.
Australia is a glowing exception and punches method above its GDP would possibly. It doesn’t determine in both of the GDP rating charts however is all the time amongst medals. Signal of a real sporting nation.
Likewise, even Cuba was an fascinating outlier like Australia. It figured within the medals High-10 until Beijing 2008 no matter not being a GDP contender. However instantly then drops off the checklist. Noticeably, Fidel Castro’s 49-year reign (As PM & President) additionally resulted in 2008. Some meals for thought there.
Spain, Canada, and Italy replicate a slipping medal haul in keeping with the relative place of their economies. Over inflated currencies make Spain and Canada related by nominal GDP, however they barely make it on PPP foundation. A sign that all-round GDP measure displays higher on medal tally.
Japan punched method under its GDP and got here to the High-10 medals occasion solely in Athens 2004. Put up Plaza hedonism and conspicuous consumption of twenty years, maybe as a insurgent response by its youth to rigorous work ethics of the sooner put up struggle technology could possibly be one cause. However since then Japan appears to have labored on a well-crafted plan.
Ditto for Nice Britain. A narrative of onerous work, diligence, and cautious planning. They got here into the High-10 medals occasion solely at Sydney-2000. Japan & Nice Britain could possibly be helpful case research for India. It additionally appears from each their examples that an Olympic bid should sub consciously invigorate a nation to get its sports activities adrenaline pumping.
South Korea additionally displays a GDP and medal tally correlation. Although it has a spotty look in each Medals and GDP rating and appears to be hanging in there and never giving up.
Indonesia is a latest entrant within the GDP rating chart via PPP route. Its historic medal efficiency mirrors India. All its Golds have been in badminton. However a rustic to be careful for If it stays its course on GDP that’s.
WHICH BRINGS ME TO INDIA!
On the cusp of Tokyo-2020 (21) it appears to many who this one will probably be particular. There may be all spherical positivity amongst athletes, the executive ecosystem and public. For the primary time we had an concerned sports activities Minister in Kiren Rijiju and the Prime Minister himself. Athletes appear to be “peaking” on the proper time, and all appears good.
Prediction? It guarantees to be India’s greatest and most broad-based medal haul ever. Nice surprises are awaited on bullion and glitter quotient. Effectivity, a fraction of these collaborating in profitable could also be the very best ever. We are going to emerge as a drive to reckon in classes like capturing, wrestling, boxing, archery and badminton. However importantly Tokyo 2020 will probably be the place India begins its journey to align its GDP story with its medal haul. And like everybody’s, my fingers are crossed.
However to be amongst High-10 in medal haul continues to be a number of Olympics away. Statistically at the least it appears we should constantly rating on each GDP counts nominal and PPP.
However extra importantly we might want to deal with the mismatch between contingent and occasion combine. Swimming for instance accounts for 35 medal class occasions and now we have a contingent of three. Athletics has over 70 and we ship solely 25. There are over 300 medal class occasions with 1000 profitable potentialities and our contingent measurement is barely 125.
And that’s the place the connection between GDP & Medal Tally on the Olympics lies. Main economies make investments closely in sports activities with a micro-managed planning for every self-discipline each from the attitude of width and depth. Learnings from South Korea, Nice Britain & Japan will probably be helpful. And a bid for the Olympics will speed up our efforts. We’ve actually begun solely now. The very fact stays that an ideal nation can also be an ideal sporting nation.
And we should wait until Paris-2024 and even Los Angeles-2028 to get some fairness between our medal rank with GDP rank. Until then let’s take within the spirit of sports activities and the Olympics … Sooner, Increased, Stronger … without end. For few issues unite a nation and the world like sport.
-The writer is a enterprise strategist. Views expressed are private.