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Informative
India's Online Gaming Market Surges by 23 Percent in FY24 Amidst GST Hike
Update / Judgement Date
14 Nov 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial ManagementGSTStart-Up & DPIIT
India's online gaming market has experienced a significant surge of 23% in FY24, despite an increase in the Goods and Services Tax (GST) rates. The growth can be attributed to the rising popularity of online gaming platforms and increased internet penetration. The GST hike poses challenges for the industry, but it has also led to greater regulatory clarity. The market is expected to continue its upward trajectory, driven by innovation and a growing user base.
