Prime Minister Narendra Modi of India has reassured game companies that there is no need for regulation of the gaming industry in the country. This clarification dispels any uncertainty that could have subjected game developers to the same regulations imposed on online gambling.
In a video posted on his official X (formerly Twitter) account on Saturday, April 13th, 2024, the prime minister engaged with gamers and content creators to discuss the gaming expansion in India and address various queries raised during the interaction.
During the discussion, gamer Naman Mathur inquired about the need for regulation in India’s gaming sector. Modi responded by stating that “regulation won’t be the right word” because “it’s the government’s nature to intervene.” He emphasized that “there is no need for regulations. The gaming industry should be allowed to remain free in order to flourish.”
Modi further elaborated by pointing out that there are two approaches – either imposing restrictions through laws or understanding and shaping the industry based on the country’s requirements to create an organized and legally structured environment that enhances its reputation.
The prime minister’s 32-minute video was broadcasted on his social media platforms, and he encouraged the participants in the discussion to email their concerns to his office.
India’s Flourishing Gaming Industry
Despite recent regulations prohibiting betting in games and the ban on the official PUBG Mobile game in India “to ensure internet safety,” the government has not imposed stringent regulations on gaming compared to other expanding markets like China.
Following concerns over potential mobile gaming regulation, PM Modi’s stance is likely a relief to many stakeholders. The anticipated legislation did not materialize, indicating a shift from earlier threats and presenting a more favorable environment for mobile operations, reassuring stakeholders of continued growth opportunities.
The gaming market in India was estimated to have reached $868 million in 2023, showing a 21.2% year-on-year growth. The country is considered one of the fastest-growing markets in terms of both gamers and revenue, with projections suggesting its value could reach $1.6 billion by 2027.
