The Indian Sports sector has seen a significant socio-economic impact contributing to 1-5 per cent of national GDP. Sports not only boost the youth and instill pride among citizens, but also facilitate social and economic development of a nation.
The last decade has seen the Indian sports industry expanding its boundaries with the rising popularity of the of various leagues such as the Indian Premier League (IPL) ,the Indian Super League, Hockey India League etc.
The performance of our teams like the Indian Cricket Team winning the T20 & the Cricket World Cup, teams & icons like Mary Kom, Leander Paes, Saina Nehwal, Abhinav Bindra etc. winning numerous titles in their respective sports. have also contributed to this fact.
Case in point, IPL as a property has become nearly 5 times its value, directly and indirectly, generating employment opportunities for more than 15000 people. The sports goods merchandises and apparel segment itself provides employment to more than 500,000 people. The sports goods market in India was valued at Rs. 13500 Crores in 2014-15. The market is growing at 35-40% a year and is expected to reach Rs. 30400 Crores by the end of 2018. The industry exports nearly 60% of its total output to sports-loving people the world over.
The future of the Indian Sports Industry seems very bright. Along with the existing leagues expanding, sports brands available in the country are also increasing. India has hosted some of the biggest sports tournaments in the world – FIFA U17 World Cup in 2017, India will also hosting Hockey World Cup in 2018 etc, thus making the best opportunities available to the sports managers of the country.