At 591 mn, Indians make up 20% of the global gaming population. Between 2020 & 2023, India’s gaming segment recorded 28% CAGR. It is expected to reach $9.2 bn in revenue in 2029.
While two-thirds of men with at least six years of experience received an annual salary of at least $125,000, just 38% of women and non-binary people did, the survey shows.
New bIll makes no difference between online games of skill & chance, proposing a complete ban on any game played for money, including its endorsement, banking services, etc
Govt inaction has 3 impacts on e-gaming: smaller companies operating in grey market to avoid tax, bigger ones moving out of the country, and international companies pausing plans to enter India.
A new tribe of young gamers is turning passion into profession due to the booming Esports industry in India, which is expected to hit Rs 11-bn by FY2025 from Rs 3-bn in FY2021.
Thanks to the growth of internet-based gaming online gaming has evolved into an industry of immense scale which has revolutionized the way we engage with each other and play.
Electronic Gaming Federation is to set new standards to cover even casual gaming, but they're not binding on member platforms. Experts say body has no powers to enforce them.
The rules now take effect on 1 July instead of 1 April, the Reserve Bank of India said. New rules may raise cost of raising capital for proprietary trading firms & squeeze profits.
Oleksandr Yakovenko, founder of Ukrainian drone maker TAF Industries, further went on to highlight the growing 'irrelevance' of European defence platforms.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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