Elite women's sport revenue to top $2 billion: Deloitte

Global revenues for women's elite sport are on track to top $2 billion in 2025, with commercial appeal at an all-time high, according to financial experts Deloitte.The company said Tuesday that the combination of matchday, commercial and broadcast income would push revenues to $2.35 billion (2.15 billion euros) worldwide, up from $1.88 billion in 2024.That would represent a 240 percent rise in four years. Deloitte valued the 2022 market at $692 million.Jennifer Haskel of the Deloitte Sports Business Group said: "The commercial appeal of women's sports and its athletes has never been higher, as the sector continues to shine on the global stage."She added: "The growth of women's sport has continued to exceed expectations as various competitions, leagues, clubs and athletes generate significant returns despite limited resources."Crucially, the industry is moving beyond short-sighted metrics to focus on evolving structures and legacy programmes through enhanced investment and bold action."The two highest revenue-generating sports are basketball and football.Deloitte said the 2025 Women's Rugby World Cup, being held in England, had already sold a record number of tickets and the 2027 FIFA Women's World Cup in Brazil would aim to tap into an emerging market."Major events are increasing visibility and participation but deliberate action needs to be taken after these big moments to drive domestic success for leagues and clubs," said...

Read More........ → March 27, 2025

Global trade and tariff uncertainties​ can become catalyst for reforms in India: HSBC Research

New Delhi, (IANS): Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on Tuesday.Potential US tariffs may have already become a catalyst for reforms like lowering import tariffs, opening up to regional FDI, fast-tracking trade deals, and making the Indian rupee more flexible."And India does not have to look too far for models to emulate. Its success in services exports has demonstrated the power of moving up the value chain, from basic (call centre services) to high-tech (professional services)," said the report.India's goods trade deficit narrowed sharply in February to $14.1 billion, from $23 billion in January.“The trade deficit tends to narrow in February but this time, it narrowed rather sharply to the lowest in more than three years,” the report mentioned.India's goods trade deficit narrowed to $14 billion and the services trade surplus rose to $18.5 billion, putting the overall trade balance in a rare surplus zone in February.A normalisation in imports across the board - oil, gold, and core - led to the narrowing of the goods trade deficit, the report mentioned.Global trade and tariff uncertainty is likely to lower India's GDP growth in the short term, but could become a catalyst for reforms over the medium term; for growth results, however, reforms must run deep.Within exports, core goods...

Read More........ → March 25, 2025