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Two Teams, One Saturday, ₹18,864 Crore: The Rise of India's Sports Economy

Writer: Devesh Lathi
Devesh Lathi
Oct 12
4 min read


On the morning of Saturday, October 3, 2026, at Korogi Athletic Park in Nisshin, near Nagoya, Japan, Jasprit Bumrah walked back to his mark for the 19th over of an Asian Games final. Pakistan needed 44 runs from 12 balls. Bumrah gave away 11. India won by 19 runs and kept the gold it had won in Hangzhou.


A few hours later and nearly 6,000 kilometres away, a second Indian men's team walked out at Mullanpur, near Chandigarh, to play the West Indies. KL Rahul hammered an unbeaten 129 off 87 balls and India posted 351.


Two national teams. Two formats. Two countries. One day. The last time India pulled this off was 1998, when one squad played the Commonwealth Games in Kuala Lumpur while another faced Pakistan in Canada.


West Indies captain Shai Hope spoiled the evening with an unbeaten 162, his side's highest successful ODI chase. But India had already sealed the series 2-1.


A Country Deep Enough to Field Two Teams


Fielding two competitive national sides at once is not a scheduling trick. It is proof of depth. The Asian Games squad, led by Shreyas Iyer, included 15-year-old Vaibhav Sooriyavanshi, the youngest player ever picked for an Indian team at an international event, fresh from topping the IPL 2026 run charts. Back home, Rohit Sharma, Virat Kohli and Shubman Gill were busy with the West Indies.


The depth went well beyond cricket. India finished fourth at Aichi-Nagoya with 85 medals: 21 gold, 27 silver and 37 bronze, its second-best haul ever. The women's cricket team beat Sri Lanka by 147 runs in its final. For the first time, India's men's and women's hockey teams both won gold at the same Asian Games. Pranavi Urs became the first Indian woman to win an individual golf gold, and 17-year-old archer Kumkum Mohod won two golds on debut.


Medals like these do not appear by chance. They are bought, slowly, with money, infrastructure and people.


Follow the Money


According to WPP Media's Sporting Nation report, India's sports economy crossed the $2 billion mark for the first time in 2025. Here is how it breaks down:


Total sports economy, 2025 = ₹18,864 crore (up 13.4%)


Media spends = ₹9,571 crore (51% of the total)


Sponsorships = ₹7,943 crore (42%)


Athlete endorsements = ₹1,350 crore


The industry has almost doubled in four years, from ₹9,530 crore in 2021. Cricket alone accounted for 89% of it.


At the centre sits the IPL. In July 2026, investment bank Houlihan Lokey valued the league as a business at $20.6 billion, up 11.4% in a year. On a per-match media rights basis, only America's NFL is worth more.


There is a catch. Sponsorship money for sports other than cricket fell 12.2% in 2025. Hockey players and archers who won gold in Japan still play in a market that has barely discovered them. That gap is where the next decade of growth, and jobs, will come from.


The Government Places Its Bet


The state is now spending as if it agrees. The Union Budget 2026-27 gave the Ministry of Youth Affairs and Sports ₹4,479.88 crore, its highest allocation ever and 18% more than the year before. Khelo India received ₹924.35 crore, and for the first time, ₹500 crore was set aside for sports goods manufacturing. In August, the Cabinet went further, approving ₹36,441 crore for Khelo India and national sports federations over five years.


The calendar explains the urgency. Ahmedabad hosts the World Police and Fire Games in 2029 and the centenary Commonwealth Games in 2030, and has formally bid for the 2036 Olympics. Every one of these events needs thousands of trained professionals, most of whom will never touch a ball.


The Jobs Behind Every Gold Medal


Playing professionally is a more realistic dream than a decade ago, thanks to franchise leagues and Khelo India academies. But behind every athlete on the podium in Nagoya stood dozens of professionals. Students who love sport have at least six serious career paths:


1. Sports Management: Running franchises, leagues, federations and mega-events like CWG 2030.


2. Sports Analytics: Turning ball-by-ball and player-tracking data into selection and strategy decisions.


3. Sports Science and Medicine: Physiotherapy, strength and conditioning, nutrition and sports psychology, all priorities under the new Khelo India Mission.


4. Sports Media and Marketing: Broadcasting, content and sponsorship deals, the engine behind half of the industry's revenue.


5. Sports Law: Player contracts, broadcast rights, governance and anti-doping cases.


6. Sports Goods and Technology: Equipment, wearables and fan apps, backed by the new ₹500 crore manufacturing push.


Each of these careers rewards people who can read numbers and tell a story with them. The analyst who spots a bowler's weakness and the marketer who sells a kabaddi league to a brand are doing versions of the same job.


How Futurowise Can Help


India's sports economy runs on two skills: understanding data and building brands. Our Foundations of Data Science programme teaches students to clean, analyse and visualise real datasets, the same skill sports analysts use to break down every delivery. Our Brand Strategy and Digital Marketing programme shows students how audiences are built and sponsorships are sold. The students who understand how the business of sport works today will be the ones running it when India bids for the world's biggest stage.


Learn more about Foundations of Data Science: https://www.futurowise.com/programs/foundations-of-data-science


Learn more about Brand Strategy and Digital Marketing: https://www.futurowise.com/programs/digital-marketing

 
 
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