“IPL tax by 40 % can build 10 IITS”: Professor Bengaluru asks the priorities of India’s vision

While the stadiums are wasted and billions of dollars in the IPL every year, a blatant question still exists: What if even a small part of this money has built the future of India instead of just entertaining it?

Professor Mayank Shrivastava from iiss Bengaluru notes that if a simple tax is only applied by only 40 % on the IPL profits of BCCI, approximately 15,000 rupees have been collected over a period of three years-for example to finance 10 IITS or create a national innovation company for deep technology. “Add concession profits ($ 800 – 1,200 crushers per year), and 320 – 480 crores can be collected annually. In total, approximately 6000 crows can be redirected annually to research, only from the IPL ecosystem,” he writes.

In IPL 2023 alone, BCCI reported a surplus of 5,120 rupees, where revenue touches 11,770 rupees, mainly supported by media rights. With the expected revenue for 2024 and 2025 to 12000 – 13500 rupees annually, the scale grows only.

However, BCCI benefits from income tax exemptions in light of its charitable situation. The billionaire privileges also enjoy the favorable tax treatment, while a tax is imposed on the salaries of the players individually. “Entertainment is supported. Taxes are imposed on research,” notes Shrivastava, highlighting the paradox that the research institutions pay goods and services tax on laboratory equipment and consumer materials.

The pattern is not limited to the cricket. Bollywood production receives tax exemptions. Religious funds maintain vast commercial empires without paying taxes. The new sports league championships have tax holidays. Shrivastava argues that even modest taxes across these flourishing sectors can generate thousands of Krour for scientific and technological development.

“India does not lack money. Indians do not lack money. What we lack is the vision of investment in the future,” he asserts. The fast -returns companies dominate, while long -term investments in search and innovation are “high -risk, low -yielding” efforts.

Shrivastava concludes that “entertainment maintains the present alive. The search builds the future. It is time for India in a reward that is not just a quick fame, but the future builders.”