Union Budget 2024: Riding on Olympics ambitions, experts expect significant boost beyond cricket
Another expert, focused on the fiscal aspects, suggesting a reduction in GST on sports services and the promotion of sports goods manufacturing in India.
“In order to transform the sports sector in India, it is imperative to encourage and incentivise private sports organisations. This can be made possible by reducing the GST on sports services from 18% to 12%, incentivising the establishment of sports goods manufacturing in India through a PLI scheme for sports equipment, and facilitating access to government, railways, and PSU sports facilities for the general public. If necessary, involving private organizations in managing these facilities under a PPP model can enhance both management and maintenance efficiency,” he recommended.
