What does football equipment cost?
By The Hindu Football equipment is becoming a big seller among Indian football fans.
Football equipment makers have been churning out the products to a higher level in recent years and, in the last five years, they have increased their output by up to 30 per cent.
The increase has not come at the cost of quality.
The quality of the products has declined, but the prices are not.
The Indian football industry is also losing the battle to the US and the UK, where the prices have risen.
But in India, prices are rising because of inflation.
The inflation is the main reason for the prices.
The country is expected to witness a decline in the football market, which accounts for 30 per to 40 per cent of GDP in 2020.
As the demand for the sport in India is growing, prices have not kept up.
A recent report by the Sports Authority of India (SAI) found that the average price of a football equipment is increasing by 1.6 per cent per annum in 2019-20.
The report also showed that prices for new and used football equipment have increased by a total of 13 per cent between 2016 and 2019.
The SAI has recently said that football is not the only sport in the country that has witnessed a sharp rise in inflation.
This has led to a sharp decline in football fans’ spending power, particularly when it comes to the new generation of football gear.
Read | Inflation and football prices: The battle to save the Indian football brandA new generationFootball gear has become more popular with football fans over the last few years.
The prices have gone up due to inflation.
A new generation is coming out of the ground with a different brand, but there is a huge gap between the price of the new gear and the prices of the old ones.
A number of brands are gaining market share.
These include V-Line, Parachute, Z-Line and B-Line.
The Z- Line brand has emerged in the market since the 1990s.
Its prices are also going up.
According to the SAI report, the average cost of a new football kit is going up by 13 per a cent per year in 2019.
This is higher than the increase in the prices for the same brand in 2015-16, 2016-17 and 2017-18.
The price of an average football shirt has gone up by more than 70 per cent in the past two years.
The SAI estimates that a football shirt is about Rs 50,000 (around Rs 15,000), and a new one is about $40,000.
A Z-line shirt is around $40 (around $10,000).
This is a price that is going to increase over the coming years.
Football apparel has also become more expensive, with the average football equipment being priced at $60,000 in 2019, while the average one is around Rs 30,000, according to the report.
The average price for a new jersey is also going to go up by an additional Rs 20,000 per year.
The Indian football apparel industry has also been witnessing a significant increase in price in the current financial year.
The total price of football shirts in 2019 stood at Rs 6,632 (Rs 6,09,800 in 2016-2017).
The SAID estimates that the inflation is likely to be between 2.8 per cent and 3.6 percentage points (per annum).
The inflation rate is the lowest in the world, the report added.
It is worth noting that in India the inflation rate has been higher in the recent financial year than in any other year since the year 2000.
This was due to the demonetisation of Rs 500 and Rs 1,000 notes.
The inflation rate in the Indian economy is expected go up in the coming year.
If the trend continues, the cost and inflation of football equipment could reach a peak in 2019 as well.