He highlighted the global scale of the Online Games industry, which is nearly three times the size of the combined worldwide Movie and Music industry. Singh argued that the negative aspects of the gaming industry could be effectively minimized through technological interventions, such as implementing restrictions on players’ gaming duration. In this context I would appeal to the government for the promised “GST review” at the earliest. He anticipates that this trend will continue, expecting a combination of measures in the Interim Budget to encourage more tech-related businesses to establish themselves in India. In conclusion, as the nation awaits the Interim Budget, the online gaming industry’s plea for a GST review takes center stage.

Source: Mint January 06, 2024 13:13 UTC