India is the second-largest gaming market in the world today. However, India is the biggest mobile gaming market when it comes to app downloads. According to Statista, India had an online gaming population of 421 million players in 2022, which is an increase of 8% compared to 2021. The number ...
Tag: online gamers
September 26, 2023Admin akads
This shift in consumer behaviour comes when India’s infrastructure and payment systems are improving, making high-speed data and low-cost payments available to most users. At least 67 per cent of gamers are willing to pay for gaming subscriptions, indicating a growing willingness among Indians to pay for high-quality gaming experiences, according ...
May 8, 2023Roland Landers
A young India, with more than half of the 1.4 billion people below the age of 40, is asking for growth and change. The government is piloting the economy through three key pillars—digital technology, infrastructure, and sustainability. It is through this lens that the recent rules by the Ministry of Electronics ...
April 11, 2023Roland Landers
India is one of the world's quickest developing economies. With a populace of almost 1.4 billion out of which half of India's populace is under the age of 40 years. India has set out a way to change its economy through three fundamental pillars — digital technology, infrastructure development, and ...
April 5, 2023Roland Landers
Due to various obstacles and challenges, the gaming industry lost 176 million users last year, and online games played a role in this decline. Even though there were 27.5 million fewer online gamers in 2022, the market as a whole is expected to recover this year and see impressive user ...
March 27, 2023Roland Landers
The flourishing online gaming industry was mentioned in the Union Budget 2023, which came with proposed TDS changes. Examining the changes in TDS, the tax law firm Lakshmikumaran & Sridharan (LKS) appreciates the government’s drive to give clarity on direct taxation of online gaming, highlights the expected difficulties, and their impact ...
March 3, 2023Roland Landers
The accessibility of affordable internet and smartphones has fueled India's gaming sector's remarkable development. Over time, gaming has evolved from a source of entertainment to a mainstream industry. Being on the cusp of outstanding growth, the gaming sector is supposed to develop by 20–30% by fiscal 2023 and arrive at ...
March 3, 2023Roland Landers
The 2022 India Gaming Report recommends that the industry is developing at an extraordinary rate. As per the report, there is an increase in user engagement and brisk investment in the nation's gaming industry. This growth isn't, as it were, novel to India. Other places all over the world have likewise ...
February 23, 2023Roland Landers
Responsible gaming is a wide concept that contains several policies and requirements that apply to pay-to-play to make sure they respect the highest standards of quality and offer a safe user experience that protects people from financial losses. Rajeev Chandrasekhar, minister of state for electronics and IT, said it was ...
January 16, 2023Roland Landers
India now has around 350 million online payment users across e-commerce, shopping, travel, hospitality, and OTT, and the number is set to double by 2030, as per the latest report. There are around 40–45 million mature users (over half) who spend a significant portion of their wallets online. "We expect online transactions ...
December 15, 2022Roland Landers