India’s Sports Market to Soar to $130 Billion by 2030 with Digital and Gen Z Surge

India is one of the successful countries in the world whose economy and GDP growth continues to grow every year. And the recent report about Indian sports has made the social media users to peek quickly and to dig out what magic this industry is making for this country. The CAGR (Compound Annual Growth Rate) is 14% and the projected growth of the sports industry is $130 billion from 2023 to 2030. 

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How does this happen?

Experts say that the digital transformation which includes the streaming platforms and the involvement of Gen Z people to consume the diverse contents of sports via online majorly has made this a revolution. This generation who 43% of the fan base are engaged actively in the digital channels, boosting the viewership and the brand interactions. 

The rise of multi-sport culture in India which includes – Kabaddi, Football, Chess, Badminton, and other indigenous games has expanded the world of sports and its growth both professionally & economically. With an increase in the women and rural audiences this sector is becoming larger than anything for which the recent collaboration of Jio and Hotstar plays a significant role. This digital platform caters a number of sports events to look up the whole year. 

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The consistent growth and the surpassing success of the sports industry helps to multiply the job creation, tax revenue, sponsorship and many more doors that are becoming an inevitable opportunities for the growth of Indian Sports Industry in the global stage.