Published: 3rd May, 2024
Context
India’s gaming industry has exhibited a rise in development in their games and content creation targeted to the local preferences and culture sensibilities of the Indian market.
1: Dimension- Mobile Gaming Dominance:
- India has become a game changer in the global gaming landscape. It recently surpassed China as the primary consumer of mobile games.
- The Indian gaming market is currently 2.5 times larger than China and three times larger than the United States.
- This surge is attributed to the rising number of youth engaging with games and the widespread availability of affordable mobile data.
- Key drivers of Gaming Industry in India: Smartphone penetration, affordable internet, young demography of India, introduction of new games with a shorter learning curve.
2: Dimension- Impact on economy
- Positive impact on economy: High Revenue generation, boost in start-ups since pandemic, help people to build a professional career and build skills, employment generation, increasing peer-to peer bonds.
- Negative impact on economy: 'Internet Gaming Disorder' due to addiction to online gaming, societal concerns, tax evasions (most apps operate from outside the country), lack of regulations, absence of framework
3: Dimension- Measures to shape trajectory of online gaming
- Digital India: The Indian government’s vision of “Digital India” has catalyzed the gaming industry.
- Inter-Ministerial Task Force (IMTF): The IMTF aims to recommend universal, national-level legislation for regulating online gaming.
- Affordable Mobile Data: India boasts affordable and decent mobile data compared to other countrieswidth="624" style="width: 925px;">
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Fact Box: Market Size and Growth:
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