RBETA 2024: Industry leaders discuss trends, challenges and road ahead for India's gaming industry

RBETA 2024: The Indian gaming industry is experiencing an unprecedented surge, driven by a combination of technological advancements, increased accessibility, and a burgeoning young population. At the Republic Business Emerging Technology Awards, a panel discussion featuring Ankush Gera, Founder & CEO of Junglee Games; Anuraag Saxena, CEO of E-Gaming Federation; and Sameer Chugh, Chief Legal Officer at Games 24x7, provided deep insights into the current trends, challenges, and future prospects of this dynamic sector.

Key Trends in the Indian Gaming Industry

Shift to Mobile Gaming

Ankush Gera highlighted that the last decade has seen a significant shift towards mobile gaming, with traditional Indian games like rummy gaining immense popularity. Mobile gaming caters to a diverse user base, including a growing number of female gamers. This trend is not just about more people playing games; it’s also about increased employment and innovation within the industry.

Domestic Models and Collectivist Culture

Anuraag Saxena stressed the unique characteristics of the Indian gaming market. Unlike the individualistic gaming culture in the West, India’s collectivist society influences gaming behavior. People prefer quick, casual gaming sessions on mobile devices over extended periods of play on consoles or desktops. This cultural difference is shaping the industry’s development and growth.

Challenges and Regulatory Landscape

Regulatory Needs

Sameer Chugh pointed out that the industry is actively seeking regulation to distinguish legitimate gaming companies from illegal gambling operations. The distinction between games of skill and games of chance is crucial, with the former being recognised by the Supreme Court of India as legitimate. Proper regulation would provide a framework for innovation, player protection, and industry growth.

Taxation Issues

Ankush Gera discussed the industry's concerns about excessive taxation. High taxes could drive players to unregulated platforms, undermining legitimate businesses. The industry is advocating for fair taxation policies to ensure a level playing field and sustainable growth.

Addressing Misconceptions and Building a Sustainable Future

Responsible Gaming

The panelists unanimously agreed on the importance of promoting responsible gaming. Companies are implementing measures such as time and money limits, player warnings, and addiction checks. These efforts aim to ensure a safe and enjoyable gaming experience, protecting players from potential harm.

Economic and Social Impact

The gaming industry has significant economic potential, with India home to 40 per cent of the world’s gamers but accounting for only 1 per cent of global gaming revenue. With proper support and recognition, the industry can contribute substantially to the economy, create jobs, and drive technological innovation.