Chess as a sport requires a lot of mental stamina, and this is what that makes it different from a physical sport. Chess players have a unique ability of taking in a lot of information and remembering relevant bits. So, memory and mental stamina are the key attributes.
There are two aspects to being competitive; one is to do with sports, and the other is about technical skills. Being able to recollect the moves and apply them when necessary is a critical aspect.
I feel that schools and corporates should help the government in popularising sports in the country. Blaming the government for every sporting debacle will not be fair.
I would prefer chess to become part of the Olympic Games. This would also lead to chess become more accepted as a sport in general.
My parents were very supportive of my chess. When I got home after a game of chess, having missed school or something, they always made me feel very welcome; I didn't feel guilty at all about pursuing chess with such fervour. They never, for instance, perceived sports as a rival to academics.