SPORTS ENTERPRISES AND INDIAN ECONOMY

Abstract

SME is the abbreviation for Small and Medium Enterprises. These enterprises can be rightly 
called as the backbone of the GDP of India. The SME sector in India is growing at an 
exceptionally fast rate due to which it is proving to be beneficial to the Indian Economy. Let 
us first analyze the current figures related to the SME sector in India. As the small and 
medium enterprises (SMEs) play quite very significant role in the growth of the Indian 
economy, accounting for 45% of industrial output, 40% of exports, employing 69 million 
people, the contribution of these units to GDP may touch 22% in 2013. In 2011, SMEs 
contribution towards GDP stood at 17% "Increase from 17% to 22% is a pipe dream without 
putting in place the enabling factor to foster growth of SMEs in India in recent years the SME 
sector has consistently registered higher growth rate compared to the overall industrial sector. 
The major advantage of the sector is its employment potential at low capital cost or this three 
critical enablers are required. Firstly, better infrastructure, second is increased access to risk 
capital and third is creating a culture of innovation." 
As such sports sectors play a huge role in Indian economy this can be understood that amount 
of money involved in IPL, Common wealth games, 20-20- world cup, Indian Hockey League 
and CCL (Celebrity Cricket league) the success of these events let to a huge demand of sports 
equipments. Is Sports SGI India managing business processes to add social, environmental 
and economical value in order to produce a positive sustainable impact for economic growth? 
Which exports nearly 60% of its total domestic output to the sports loving people the world 
over, has matured into a globally competitive & creative entity. India is fast emerging as an 
important supplier of quality sports goods and toys to the global markets. The industry is 
rapidly embracing new technology and adapting its products to keep up with the fast changing 
global trends. The major manufacturing centers of the Industry in India are in and around the 
following cities: Jalandhar, Meerut, Delhi, Mumbai, Calcutta and Chennai. The main sports 
equipment exported from India include, Inflatable balls, Protective Equipment for Cricket, 
Cricket Bats, Boxing Equipment, Cricket and Hockey Balls, Bladders.

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