As per World Economic Outlook April 2019, Global output grew at a rate of 3.6% in 2018 and is projected to grow at rate of 3.3% and 3.6% for the years 2019 and 2020.
The Indian government has turned its attention to developing the sports and entertainment sector as a strategy to create jobs, generate revenue, and attract investment into the country, aside from nurturing sports talent.
Cumulative value of exports for the period April-March 2018-19 was USD 331.02 Billion as against USD 303.53 Billion during the period April-March 2017-18, registering a positive growth of 9.06 per cent in Dollar terms.