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Tokyo Olympics: Abhinav Bindra headlines ESPN panel to discuss India s prospects
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Nandan Kamath: Information quality is one of humanity’s critical challenges. Blocking and tackling Internet content cannot fight this battle alone OUR
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Navigating the challenges of digital citizenship
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The crackdown on online gaming threatens to cripple a nascent but promising industry
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The sector was expected to reach Rs 18,700 crore by 2022, at a CAGR of 43%. Though numbers for 2020 are not yet available, the previous year’s numbers and projections painted a prosperous picture.
The state governments claim online gaming has become synonymous with gambling.
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The pandemic was godsent for online gaming companies in India. The fledgling industry’s fortunes rose as millions of people forced to sit at home got hooked to their devices. Online gaming was a convenient source of distraction and, in some cases, also a way to make some money. The outlook for the industry was encouraging. A March 2020 report by the Federation of Indian Chambers of Commerce & Industry and EY said online gaming grew 40% in 2019 to reach Rs 6,500 crore in revenue.