Its an interesting time to be a gamer today and a rewarding opportunity for gaming platforms in India From a prepandemic steady growth curve to a steep positive trajectory during and after the lockdown the affinity for gaming has exponentially increased Completing seven great years in this gaming industry PlayerzPot is better suited than ever to experiment with new categories in fantasy and casual gaming Thats simply because the talent pool of the entire gaming community including players developers and companies is in a healthy expansion phase.
Over the last few years several unicorns have emerged in India across travel gaming crypto and other industries leading to significant investments and innovations across these sectors The government is taking note of this development in startups and laying down regulatory frameworks for emerging industries Online gaming is not one to lag behind Some of Indias leading online gaming companies have received international investments and are listed on exchanges today One of the select industries to boost Indias economy online gaming has supported several sectors such as IT and Telecom and has grabbed a spot in the top five global mobile gaming markets The demand is such that the Indian skill gaming sector acquired a market size of around Rs 7900 crores in the financial year 202122 and is projected to reach Rs 15000 crores in FY 202324.

Recognising the potential of the online gaming sector Prime Minister Narendra Modi during the Union Budget 2022 emphasised tapping the potential of the Indian online gaming industry by focusing more on the AVGC animation visual effects gaming and comics sector Amid such a growth trajectory a sudden jump in the governments taxation from 18 percent to 28 percent might seem to be a harsh speed breaker But that doesnt impede the long haul which all of us are in for Lets know why.
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Source:- CNBCTV18