India’s Investment in Cricket vs Science: A Rising Concern

India’s devotion to cricket significantly outweighs its financial commitment to science, prompting critical discussions. Career coach Virendra Grover, referencing IISc professor Mayank Shrivastava, points out that revenues from the IPL alone could finance ten new IITs if appropriately taxed and redirected for research purposes.

The Disparity in Funding

In a recent LinkedIn post, Grover underscores Shrivastava’s main assertion: India is not short of funds but rather lacks the resolve to invest in its scientific future. Shrivastava highlights the disparity in how the country supports its sports and scientific sectors, stating, “Entertainment enjoys subsidies while research is taxed.”

Financial Insights

The data supports this perspective. The IPL in 2023 generated ₹11,770 crore, with the BCCI reporting a surplus of ₹5,120 crore. Over the course of three years, profits exceeded ₹15,000 crore. According to Shrivastava, imposing a 40% tax on these profits could finance ten new IITs or yield ₹6,000 crore annually for research—however, the BCCI is exempt from income tax due to its charitable status.

Questions Raised

Meanwhile, research laboratories are subject to GST on equipment imports. Grover queries: Why are match tickets exempt from taxes while scientific instruments face such charges? Additionally, why do institutions that strive to propel India forward grapple with financial limitations?

The Current State of R&D Spending

India’s expenditure on R&D hovers around 0.6–0.7% of its GDP, significantly trailing the global average of 2.6%. In contrast, the U.S. allocates 3.5%, China 2.4%, and South Korea 5%. Notably, half of India’s R&D budget still relies on government funding, with limited contributions from the private sector.

Call for Balance

While Grover does not oppose sports or entertainment in any way, he advocates for a more balanced approach. These funds, he asserts, could also aid in enhancing income opportunities for the economically disadvantaged.

A Message on Inequality

In addressing concerns about inequality, Grover’s message is unequivocal: Do not target the top 1%. Instead, focus on uplifting those in need.

As India revels in its cricketing triumphs, Grover and Shrivastava encourage a parallel investment in what drives sustainable long-term progress—science, research, and education.