India is a developing country. Focus on the word developing as India is not yet developed. Ironically, India is a country which is, on one hand struggling with the problem of poverty since the time of independence while on the other hand is spending millions on the Commonwealth Games! Forty percent of India’s population is below the poverty line which clearly indicates...

With the Beijing Olympics drawing to a close, China has had enough reason to celebrate with the number of gold medals it has won. However, did China really win gold? Or did it lose? Rogue economists have already started asking this question. Many economists claim that the Beijing Olympics might have left a gaping hole in the pocket of the exchequer – and the common...

Most of us are sports enthusiasts. We believe what we see and what we see is the end result on our television sets. Have you ever wondered how cricketers, who face only a few deliveries a season, footballers who score about two goals a week and tennis players who play four tournaments a year are so exceedingly rich?

There is a clear need for understanding the nature of the sports economy and its value to the economy as a whole. Sport has been a major source of revenue for the economy of several countries, and the sports economy that supports sustainable development. A unique aspect is that the contribution of the sports to the economy does not depend on the geographical characters....