Sport Economy of India: An Economic Review

Abstract: This review paper examines the evolution of India's sports economy, analyzing the economic perspective of the sports industry policies, private investments, and global market trends. Despite significant growth, India faces challenges in competing globally due to underdeveloped infrastructure, inconsistent product quality, and regulatory complexities. With increasing budget allocations and market size, strategic reforms are proposed to enhance manufacturing capabilities, improve quality standards, foster innovation, and strengthen global branding. Addressing these concerns could propel India towards greater competitiveness in the international sports goods market, fostering economic growth and positioning the nation as a prominent player in global sports.