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Sport is regarded as one of the largest industries worldwide in terms of generating employment and revenue. Sports is a multi-billion dollar global industry propelled by enormous consumer demand.<br><br>According to Vinit Karnik, national director for sports and live events at GroupM ESP, in the past, sports was seen as a loss-making affair. However, with the formation of newer leagues and successful franchises, u201cthe sports industry has grown by up to 10 percent by the year 2014,u201d Karnik says.<br><br>https://www.iismworld.com/indias-highest-ever-sports-budget/<br>
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