Nickhil Gholkar Highlights Positive Correlation between Golf Activity and American Economy in Response to Article by U.S. News & World Report

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Leading accounting student and golfer Nickhil Gholkar explains how an increase in golf activity shares a positive correlation with the American economy.

According to Nickhil Gholkar, an accounting student and golf enthusiast, golf has always played a major part of the business world—at least in a social sense. In fact, it is often regarded as the recreational space that people make important business decisions and form vital partnerships. However, according to a new report cited by a recent U.S. News & World Report article, the sport’s connection to business goes much deeper—as golfing has increased in the recent year, a positive trend in economics and consumer confidence has also been identified, leading many to believe that the two activities resonate with each one’s success.

The article states, “Golfers played about 490 million rounds on U.S. courses in 2012, a 5.7 percent increase over 2011, according to new data from the National Golf Foundation. That's the first sizeable jump in the number of golf outings since 2000.” Despite the recent success, the article also reminds readers that the golf industry has faced immense struggles during the Great Recession. As many local golf courses were designed to meet the needs of emerging housing developments, the real-estate bubble dampened the viability of those businesses. In fact, as the article reports, “Since 2006, 500 golf courses have closed, and the [National Golf Foundation] predicts a net loss of about 150 courses per year for the foreseeable future.”

So while the increase in golf activity has created a positive direction for those involved in the industry, the article suggests that the American economy as a whole can look at these trends to hint at a brighter financial future. For example, the article states, “[The golf rebound] lines up with other signs that Americans are becoming more upbeat as the economy slowly heals from a brutal recession. Consumer spending has exceeded pre-recession levels, for example. Confidence is inching back upward. The stock market may hit new highs later this year.”

While Nickhil Gholkar enjoys the sport of golf for pure enjoyment, as an accounting student he believes it is essential to notice how daily activities indicate economic trends. “It is very interesting that golf could become a very key indicator of how much wealth and financial stability the Baby Boomer generation will retire with. Even though rounds of golf will never replace GDP, it gives us something else to bring up at parties that someone might actually listen to.”

ABOUT:

Nickhil Gholkar is an accounting major at the University of Missouri, Kansas City, where he is recognized as a student on the Dean’s List. He is also a candidate member, approaching full recognition, of the national accounting honor society—Beta Alpha Psi. With a passion for finance, Nickhil Gholkar has plans to pursue a career in private equity—such as mergers and acquisitions—at one of the country’s top public accounting firm. Apart from his studies, Gholkar is also recognized for his athletic abilities in soccer, golf and tennis. Nickhil Gholkar is also dedicated towards charity as he has participated in Volunteer Income Tax Assistance and Habitat for Humanity efforts.

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Douglas Trainer
PR Management Inc.
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