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However, these issues shouldn’t justify draconian measures.

Instead, the industry advocates for smart regulation.

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Unlike other industries with addiction concerns, such as the alcoholic beverages industry, the gaming sector can use technology to encourage responsible use.Furthermore, research has shown than an increase in GST is not the appropriate way to address these concerns.

In-fact, the higher GST has only driven Indian players to offshore platforms where addiction concerns are manifold due to the lack of any safeguards for player safety.

nippon india small cap fund portfolio ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!The GST increase, in this context has been the proverbial cutting of one’s nose to spite one’s face for the country.The industry also urges the government to implement the regulations drafted by the Ministry of Electronics and Information Technology (MeitY).

nippon india small cap fund portfolio ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!These rules, supported by the new skill-chance framework, can bring much-needed clarity to the sector, ensuring that permissible games are distinctly classified, and illegal offshore platforms are effectively curbed.India’s online gaming industry is at a critical juncture.

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However, there remains hope, especially as the GST council has promised a timely review.

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It is hoped in 2025, the Government and the skilled online gaming industry in India willwork together to build a tax and regulatory framework for the industry that enables the industry to become like the IT industry, a global model for others to emulate and learn from.The author is founder-president, Skill Online Games Institute (SOGI).

Views expressed are personal and not necessarily those of financialexpress.com.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

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