DPIIT Seeks Clarity on Online Gaming: Skill vs Chance for FDI Attraction

DPIIT is seeking clarity on whether online gaming is a 'game of skill' or 'game of chance' for attracting FDI.

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The distinction is crucial as the sector shows significant growth potential and could attract substantial foreign investments.

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Prime Minister Modi urged Indian professionals to lead globally in gaming and game production during Independence Day celebrations.

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A concept note is circulated among ministries to define 'games of skill' vs. 'games of chance' for FDI purposes.

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Objections arise linking online gaming to gambling; a need for an independent body to define these categories is emphasized.

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India is the fastest-growing mobile gaming market, with revenues projected to reach $6 billion by 2028.

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The Indian gaming industry includes over 1,400 companies and 500 gaming studios, reflecting rapid expansion.

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GST Council’s 28% GST on entry-level bets highlights the regulatory approach, impacting how games are categorized.

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Acer Nitro V 16: AI-Powered Gaming Laptop with Ryzen 8040 Series Launched at ₹1,09,999

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