New Delhi, July 24 -- India's sports market is positioned for significant expansion, with projections indicating a compound annual growth rate of 10-12 percent through 2030, according to a recent report by CareEdge Ratings.

The growth trajectory is attributed to government initiatives aimed at promoting sports participation and an increasing public interest in fitness activities.

The report values India's current sports market at approximately USD 52 billion, with core sub-sectors contributing USD 31 billion and allied sub-sectors accounting for an additional USD 21 billion.

CareEdge Ratings anticipates this upward momentum will persist as consumer engagement with sports and fitness continues to rise.

The sports equipment manufacturin...