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

RBETA 2024: Indian gaming industry is experiencing an unprecedented surge, driven by a combination of technological vancements, increased accessibility, and a burgeoning young population. At 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 current trends, challenges, and future prospects of this dynamic sector.

Key Trends in Indian Gaming Industry

Shift to Mobile Gaming

Ankush Gera highlighted that last dece has seen a significant shift towards mobile gaming, with tritional 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 industry.

Domestic Models and Collectivist Culture

Anuraag Saxena stressed unique characteristics of Indian gaming market. Unlike individualistic gaming culture in 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 industry’s development and growth.

Challenges and Regulatory Landscape

Regulatory Needs

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

Taxation Issues

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

dressing Misconceptions and Building a Sustainable Future

Responsible Gaming

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

Economic and Social Impact

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