Business Today (Digital)

Business Today (Digital)

1 Issue, 29 October 2023

THE STORY SO FAR

As a result of this development, online gaming companies in India have laid off staff and are restructuring their businesses The number of online gamers grew to 507 million in the fiscal year 2021-22 from 450 million in the previous year, per eSports Players Welfare Association Experts believe this may reduce the size of the industry by half as they expect more companies to shut down or domicile abroad in gaming-friendly nations The outlook has become cloudy with the taxman’s decision to impose 28 per cent goods and services tax (GST) on the deposit amount for online gaming Online games such as fantasy sports, poker, rummy, ludo, carrom, puzzles, etc., are more popular among the younger generation (16-25 years)…
You're reading a preview of
Business Today (Digital) - 1 Issue, 29 October 2023

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.

© 1999 – 2025 DiscountMags.com All rights reserved.