A Conducive Ecosystem Can be a Game Changer for E-gaming
Businessworld India|December 31, 2022
AS MANY AS 2.7 BILLION e-gamers hone their skills and participate in this electronic sport across the globe. The e-gaming business is expected to exceed $1.5 billion in 2022 and $5 billion by 2025 with a global CAGR of 38 per cent. In India the number of gaming companies has gone up from 25 in 2010 to 275 and now employ 15,000 skilled developers.
Aruna Sharma
A Conducive Ecosystem Can be a Game Changer for E-gaming

The Centre and state governments have their own interpretation of the issue of gaming and the social impact it may have. Parental control is being passed on to the tool ie. e-gaming. Addictions like alcohol are also being attributed to e-gaming, but banning it is not a solution. There can be two approaches to controlling e-gaming, technical filters and social education.

Inter-Ministerial Task Force for E-gaming The constitution of the Inter-Ministerial Task Force for E-Gaming (IMTF) is a welcome step with the MeiTY (Union Ministry of Electronics and Information Technology) in the driver's seat getting inputs from all stakeholders in e-games. Among the issues the IMTF must address at the outset is an agreed definition of "electronic games". That in turn leads to other issues that need to be understood and addressed, such as the following:

Clarity is needed on whether e-gaming is a game of chance or of skill 

● Based on (a) what should be the direct and indirect tax regime?

What determines the outcome, broadcast with predesigned outcome or the knowledge and skill of players?

Is e-gaming an entertainment, amusement or recreation to hone skills and knowledge? 

• Is it just a platform that enables field games to pay in the electronic mode or is it a Product? 

● Does the platform work as an intermediary or publish content and broadcast?

What are the social apprehensions on gaming being addictive, spending in terms of time and money at the cost of other options? etc.

The clarity on the six issues mentioned is paramount, as that will decide the direction of regulations, direct and indirect taxation and the future spread of e-gaming in India. It can grow to be an opportunity for a sustainable and high level of employment, a tool to educate players on the rules of the game, to bridge the digital divide and enable honing of skills.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESSWORLD INDIAView all
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 mins  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 mins  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 mins  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 mins  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 mins  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 mins  |
October 19, 2024