Scaling India's Sports Equipment Exports: Unlocking a Billion-Dollar Opportunity

India's sports equipment exports could reach USD 8.1 billion by 2036, creating 54 lakh jobs, according to a Niti Aayog report. The report urges coordinated policy, investment, and partnership efforts to improve manufacturing, competitiveness, and market access, positioning India as a global supplier of quality sports equipment.

India could significantly enhance its sports equipment exports to USD 8.1 billion by 2036, potentially generating 54 lakh jobs, reveals a Niti Aayog report. The report underscores improving India's share in global sports goods exports and highlights the need for a strategic approach to expand the sector.

With current exports at USD 2 billion, the aim is to boost this figure to USD 24 billion, with sports equipment making up USD 8.1 billion. The document emphasizes India's critical position in the global market, advocating for sustained investments to elevate the nation's competitiveness and reduce import reliance.

Key reforms suggested include tackling structural cost issues, forming global partnerships, and enhancing manufacturing clusters. The report calls for collaboration among government entities, industry stakeholders, and sports institutions to drive long-term growth and solidify India's role as a trusted global supplier.

(With inputs from agencies.)