Private sector, state governments' involvement key to driving sports growth: Amitabh Kant
Amitabh Kant, India’s G20 Sherpa and former Chief Executive Officer of the public policy think tank Niti Aayog, has emphasised the importance of increased private sector investment and state-level ownership of specific sports to advance the growth of India’s emerging sports industry, often regarded as a sunrise sector.
Budget with ET
What India Inc needs in Budget to drive growth amid global challenges
Budget 2025-26 needs to focus on capex, infrastructure spending: RBI MPC member Nagesh Kumar
Space sector seeks PLI scheme, tax holidays, more use of satellite data
He also advocated for stronger public-private partnerships as India, having submitted its letter of intent to host the 2036 Summer Olympics and Paralympics to the International Olympic Committee, prepares for this ambitious endeavour.
«We need to involve the private sector and the Indian states. Every state must own up one sport and create champions,» Kant said, adding that the expenditure on sports will increase particularly at the central government level.
In the previous union budget, the government had allocated Rs 3442.32 crore for sports. India's sports market, currently valued at $52 billion, is set for robust growth at a 14% CAGR, projected to reach $130 billion by 2030, according to a joint report by Deloitte and Google titled Think Sports: Unlocking India’s $130B Sports Potential.
Kant also said that every Indian has to get into sports and there is a need to create a universal movement around sports. «We can't be a $30 trillion economy without
