The digital gaming industry in India had a CAGR of 38% between 2017-2020, as opposed to 8% in China and 10% in the USA”. The report notes that the “the revenue of the Indian mobile gaming industry is expected to exceed USD 1.5 billion in 2022, and estimated to reach USD 5 billion in 2025. It has not, however, spelt out what constitutes an online gaming platform.
The IMTF, in its recommendations, said that in the long term it favours a new central legislation that will license the online gaming sector and also provide the government with powers to block/deregister entities violating India’s laws. Stay tuned with breaking news on HT Channel on Facebook.
