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Govt bullish on online gaming sector: MoS IT Rajeev Chandrasekhar

Economic Times · 1y

The Indian government is optimistic about the online gaming sector, aiming to support and encourage its growth. The IT Minister stated that once it settles in its third term after the 2024 elections, the government plans to allow safe and trusted permissible gaming. The minister expressed the need for a framework to distinguish between online gaming and illegal activities such as betting and money laundering. He also warned entrepreneurs to comply with rules and regulations and mentioned the case of Byju's as an example of growing too fast without maintaining corporate discipline. Additionally, the article mentions India's progress in attracting semiconductor manufacturing investments and highlights the country's involvement in artificial intelligence (AI) development.