By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
EsportsGenEsportsGen
  • Home
  • News
    • Mobile Gaming
      • Battlegrounds Mobile India
      • Brawl Stars
      • Call of Duty Mobile
      • FIFA Mobile 22
      • Free Fire
      • Genshin Impact
      • Mobile Legends : Bang Bang
      • PUBG Mobile
      • PUBG New State
      • Warzone Mobile
      • Wild Rift
    • PC Gaming
      • Apex Legends
      • Call of Duty
      • Counter Strike
      • Dota 2
      • Fortnite
      • GTA
      • League of Legends
      • Minecraft
      • Overwatch
      • PUBG
      • Rainbow Six Siege
      • Roblox
      • VALORANT
    • Console
  • Streaming
    • Kick
    • Twitch
    • YouTube
  • Featured
    • TOP 5/10
    • Editorials
    • Reviews
    • Interview
    • Teams
    • Players
  • Ranking
    • PUBG Mobile
      • World Ranking
      • Regional Ranking
      • Ranking Rules
    • Free Fire
      • World Ranking
      • Regional Ranking
      • Ranking Rules
  • Business
  • Guide
    • PUBG Mobile
    • Wild Rift
  • About Us
  • Contact Us
  • My Bookmarks
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
Reading: Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of India
Share
Sign In
Notification Show More
EsportsGenEsportsGen
Search
  • Home
  • News
    • Mobile Gaming
    • PC Gaming
    • Console
  • Streaming
    • Kick
    • Twitch
    • YouTube
  • Featured
    • TOP 5/10
    • Editorials
    • Reviews
    • Interview
    • Teams
    • Players
  • Ranking
    • PUBG Mobile
    • Free Fire
  • Business
  • Guide
    • PUBG Mobile
    • Wild Rift
Have an existing account? Sign In
Follow US
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
© 2023 esportsgen. All Rights Reserved.
EsportsGen > Latest > Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of India
LatestNewsTrending

Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of India

Ashish Jha
Last updated: 2023/01/23 at 10:34 AM
Ashish Jha
Share
3 Min Read
What does Esports and Gaming Industry Experts Expects from Union Budget 2023 of India
SHARE

Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of India- This February will see the presentation of the union budget 2023, and the Indian esports industry has high hopes for the document. The stakeholders are calling for encouraging policies and a fair budget allocation to assist the expansion of this industry. It will allow the gaming industry in India to expand more quickly and give market participants and the gaming community more room to expand.

Contents
Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of IndiaWhat does the gaming sector anticipate from the budget for 2023?

In DOTA 2 last year, India won the bronze medal at the first Commonwealth Esports Championships. At the 2023 Hangzhou Asian Games, India will also compete in five video games: FIFA 22, Street Fighter V, Hearthstone, League of Legends, and DOTA 2. Additionally, the Center acknowledged esports as a component of multi-sport tournaments in December 2022. The planned changes to the IT Rules, 2021 in relation to online gaming have also drawn criticism from the Ministry of Electronics and Information Technology (MeitY).

Gaming and Esports Union Budget 2023: What does Esports and Gaming Industry Expect from Union Budget 2023 of India

What does the gaming sector anticipate from the budget for 2023?

The Indian Gaming Industry, which includes online gaming for real money, esports, and fantasy sports, is pleading with the government to keep the current goods and services tax (GST) rate of 18% rather than increasing it to 28% for online gaming.

The sector also asks that the GST only be applied to the platform providers’ commissions and not to the entire amount of prizes given to winners of esports events and paid-for gaming apps.

The Budget needs to be increased and allocated extensively for the growth of esports and the training of athletes. We need to find ways Indian esports can be taken further to the global platform which is only possible with better infrastructure, financial aid, and the right environment to nurture these talents.

The esports business is expanding at an astounding percentage and is only expected to grow further in the next years, both in terms of audience and income. We anticipate the government will propose policies to encourage the esports industry’s next stage of growth in the Union Budget 2022.

We hope the 2023 budget will take efforts to not only boost the gaming business but also provide an incentive for the country’s esports ecosystem. This will support the development of infrastructural investments and technical infrastructure to open up new opportunities for young people in the esports and video game industries.

Read More: PUBG Battlegrounds “Happy Lunar New Year” Event: Get Amazing rewards by participating in the Lunar New Year event

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

    By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
    Ashish Jha January 23, 2023 January 23, 2023
    Share This Article
    Facebook Twitter Copy Link Print
    Share
    By Ashish Jha
    Follow:
    Ashish is a passionate writer in the gaming and esports industry, and an Anime geek, fueled by coding, coffee, and late-night game sessions.
    Previous Article PUBG Battlegrounds “Happy Lunar New Year” Event: Get Amazing rewards by participating in the Lunar New Year event PUBG Battlegrounds “Happy Lunar New Year” Event: Get Amazing rewards by participating in the Lunar New Year event
    Next Article Mizkif reveals his struggle with hair loss following his time away from Twitch: “Isn’t that nuts?”
    Leave a comment Leave a comment

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    PUBG Mobile World Ranking

    TEAM NAME
    #1Vampire Esports
    #2Influence Rage
    #3Team Weibo
    #4Stalwart Esports
    #5Six Two Eight
    View More

    Recent Posts

    The Walking Dead: Betrayal Game is Being Shut Down
    Latest News PC Gaming
    PMGC 2023 Grand Finals Day 1: Stalwart Esports dominated Day 1, CHECK Overall Standings
    Latest Mobile Gaming News PUBG Mobile
    PMGC 2024 United Kingdom will feature a total of $3 Million Prize Pool, Check Details
    PMGC 2024 United Kingdom will feature a total of $3 Million Prize Pool, Check Details
    Latest Mobile Gaming News PUBG Mobile
    The Game Awards 2023: Check All Winners and Categories here
    The Game Awards 2023: Check All Winners and Categories here
    Latest News
    GTA 6 PC Requirements: Release Date and more information here
    GTA 6 PC Requirements: Release Date and more information here
    GTA Latest News PC Gaming
    Free Fire Max FrostFire Hyperbook Top-up Event: Get exclusive rewards for free 
    Free Fire Max FrostFire Hyperbook Top-up Event: Get exclusive rewards for free 
    Free Fire Latest Mobile Gaming News
    GTA 5 star Ned Luke responds to xQc's $1 Million offer for GTA 6 early access
    GTA 5 star Ned Luke responds to xQc’s $1 Million offer for GTA 6 early access
    GTA Latest News Streaming Twitch
    Prince of Persia's Lost Crown Teaser and Demo Date Revealed Before Schedule
    Prince of Persia’s Lost Crown Teaser and Demo Date Revealed Before Schedule
    Latest News
    Bihar State Esports Open Championship Registration Links, Schedule, Process, and More
    Battlegrounds Mobile India FIFA Mobile 22 Latest Mobile Gaming News
    CoD Mobile Mythic Siren Lucky Draw: Get Mythic Character, Gun blueprint, and More
    CoD Mobile Mythic Siren Lucky Draw: Get Mythic Character, Gun blueprint, and More
    Call of Duty Mobile Latest Mobile Gaming News
    EsportsGen
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    © 2023 esportsgen. All Rights Reserved.
    Welcome Back!

    Sign in to your account

    Register Lost your password?