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With the Union Budget just days away, the gaming sector is growing hopeful that the government will ease the tax burden and address unresolved issues related to retrospective taxation. Experts are also seeking stronger support for the AVGC sector, which could unlock new funding and policy initiatives to drive innovation and growth.
Read the Union budget 2025 expectations in detail:
Roland Landers, CEO, All India Gaming Federation (AIGF)
In 2024, India’s online gaming industry has demonstrated remarkable resilience and growth, overcoming regulatory challenges and the impact of the 28% GST. Despite these hurdles, the sector has exceeded expectations, reaching $3.8 billion in revenue in FY24.
As we approach the Union Budget, we remain hopeful that the government will consider reducing the GST rate and addressing retrospective taxation issues, which would provide much-needed clarity and enable further growth and innovation. The government’s focus on advancing the AVGC (Animation, Visual Effects, Gaming, and Comics) sector is promising, and we look forward to increased funding and policy support for this initiative.
With continued efforts, we envision a future where more Indian developers and gaming studios create world-class games and content, solidifying India’s position as a global leader in gaming. Further emphasis on supporting startups and fostering innovation will be crucial to ensure the industry’s sustained growth and contribution to India’s digital economy.