What is the future of the Gaming Industry in India Through this move, the sector will be made more transparent and accountable, while real money and non-money games will be taxed fairly. Recently Goods and Services Tax Council (GST Council), the GST rate for online gaming, casinos, and horse racing will be 28 percent and it is likely to come into effect from October 1. Indian gaming industry is a 1.8 billion dollars gaming industry growing at 38% CAGR during the year 2017-20 whereas the global video game market size was valued at 184.4 billion dollars in 2022 and in terms of app downloads, India is the largest mobile gaming market in the world. It is expected that growth in the digital market will surpass 900 million Internet subscribers by 2025.Īmidst all this Indian gaming industry is turning out to be one of the biggest booming industries in India. As a result, India's gaming sector is also on the rise. India’s Internet story is inspiring and penetration of the Internet to even the remotest parts of the country is a herculean task that speaks volumes about the Indian growth story.
