As you all know that IBPS PO exam is near.One of the most important parts of this Exam is Descriptive Writing that test Your writing skills, here we are providing you ESSAY/LETTER WRITING Which are asked in the IBPS PO Exam.
Assess the role of sports activities on the economy of a country
In the recent times sports activities has emerged as an important component of socio-economic development of a country. The effective participation in sports enhances community health and productivity, reduces medical expenses, imbibes discipline in character, generates great leaders, and enhances social cohesion. The execution of a mega sporting event helps in developing infrastructure, generates employment, secure inflow of foreign capital, generates players and athletes, and thus contributes significantly to the economic development of a country. Therefore, it can be said that the impact of sports on economy and society is multi-dimensional.
According to a study conducted by the United Nations in 2003, “Increasing the time spent on physical education in schools does not reduce marks in intellectual subjects but rather improves the ability of some students to learn and retain information.” It is shown that extra-curricular sport participation throughout high school is a good predictor of having a job with a future .
In the 11th Five Year plan, government allocated INR 46,360 Million for development of sports in country. Since then India had hosted Formula 1 Races, Hockey World Cup, CommonWealth Games, and Cricket World Cup. Economic impact in sporting events can be defined as the net change in an economy resulting from a sport event and the change is caused by activity involving the acquisition, operation, development, and use of sport facilities and services which in turn generate visitors’ spending, public spending, employment opportunities, and tax revenue.
To promote sports activities , the Indian government will have to make more efforts to promote every sport . Firstly , the allocation of funds, such as the percentage of budget, should increase to broad base sports. Secondly, sports should be made as an integral part of education system. Third, effectiveness of developmental projects should evaluate periodically. Fourth, uniformity should be maintained in sports activities of various states of India to provide equal participation opportunity to its citizens. Government should revisit the sporting framework of India. Otherwise, the immense potential of country in sports can never be realized.
Hence, it can be seen that sports play an important role in shaping up an economy and government to promote sports in country. This will increase the business for local players who make sports equipments; it will also provide business to airlines and other transport business, media, brokers, and a medium of creating platform for young generation. Adventurous sports like Mountain Biking, Rafting, Cycling, Kayaking, are also positioning in India now. Therefore , this will led to increase in employment and ,thus, will increase money in the economy.