Gaming
Union Budget 2024: Government support and tax relief key for Indian esports industry’s growth
Mumbai: Since the Indian government’s official recognition of Esports as a multi-sport event, the industry has witnessed substantial growth as a new-age sport. The sector’s journey to mainstream recognition reached new heights with its inclusion as an official medal sport in the Asian Games 2022 and its potential entry into the Olympics.
With finance minister Nirmala Sitharaman set to present the interim Budget for fiscal 2024-25 in the Lok Sabha on 1 February, the Esports community is optimistic about the prospects of government support.
Esports Federation of India director & Asian Esports Federation (AESF) VP Lokesh Suji noted, “We hope to see a dedicated allocation of funds for the Esports sector, alongside incentives for Indian video game development studios. This will not only encourage innovation but also enable homegrown titles to prosper within the community. To ensure the long-term success of our Esports athletes and attract more aspiring players to pursue careers in Esports, we also hope for tax relief for athletes on winnings from Esports tournaments. ESFI will remain committed to working closely with the government to further elevate the status of Esports in the country.”
According to the “Leveling up: State of India Gaming FY’23” report by Lumikai in collaboration with Google, the Indian gaming industry clocked $3.1 Bn in FY23 and is set to hit $7.5 Bn by FY28.
“The Esports industry is growing at an impressive percentage and is only forecasted to grow. We hope for fair support and conducive policies from the government in the upcoming budget to further foster this growth,” said 8Bit Creatives founder & CEO and S8UL co-founder Animesh Agarwal.
Recognizing the industry’s potential, states like Bihar, Uttar Pradesh, Madhya Pradesh, and Kerala are actively engaging with Esports by organizing tournaments, establishing Esports academies, and partnering with the sector’s organizations or publishers.
Highlighting how the involvement of state governments can be leveraged to enable the development of the video gaming community, Gods Reign CEO K R Rohith commented, “We hope for the government’s consideration and support in encouraging educational programs by adding Esports into Educational Curriculums and skill development initiatives focused on gaming and Esports. This would contribute significantly to nurturing talent within the sector, aligning with the national agenda of promoting digital skills. In addition, we earnestly suggest the allocation of funds to each state government for the organization and promotion of State Esports Championships. This collaborative effort with prominent esports organisations at the state level, starting from the school level to the national level, will undoubtedly contribute to the organic growth of esports across the nation.”
Furthermore, there is also a call to reduce the GST on esports activities from 28 per cent to 18 per cent and introduction of regulations.
“From budget 2024, one of the major steps I look forward to is more ‘Esports’ based activities moving to 18 per cent slab (from 28 per cent slab). Apart from this, I’m also looking forward to the government encouraging more state governments to assign budgets for the growth and promotion of Esports (similar to Bihar). Lastly, more regulations in terms of in-game and tournament winnings are expected to come in,” emphasised Alpha Zegus founder & director Rohit Agarwal.
With all eyes on the upcoming budget, the esports community is hopeful that government support will pave the way for a sustainable and thriving esports ecosystem in India.
Gaming
IICT signs three MoUs to boost AVGC-XR and esports
Partnerships with Zenfluencers, Yologram and Eruditio at Chennai Gaming Show 2026 strengthen education, XR innovation and nationwide talent outreach.
MUMBAI: IICT has just levelled up the game in a big way. The Indian Institute of Creative Technologies signed three strategic Memorandums of Understanding on 17 April 2026 at the CII Summit FX – India Gaming Show in Chennai, forging alliances with The Zenfluencers, Yologram Style Pvt. Ltd. and Eruditio Consultants to accelerate India’s AVGC-XR ecosystem.
The tie-ups combine IICT’s strengths in education, skilling and research with specialist expertise across esports, immersive technologies and large-scale outreach.
- With The Zenfluencers, IICT will roll out globally benchmarked esports programmes, including joint certification courses, industry workshops, tournaments and masterclasses, creating clear career pathways across the full esports value chain.
- The partnership with Yologram Style Pvt. Ltd. focuses on gaming, immersive storytelling and extended reality (XR), delivering industry-aligned curriculum, faculty mentorship, student showcases and collaborative research in immersive AI and virtual production.
- Collaboration with Eruditio Consultants targets awareness, accessibility and career alignment, with nationwide counsellor training, institutional engagement and structured guidance frameworks to reach students beyond Tier-1 cities.
IICT CEO Vishwas Deoskar said, “As the AVGC-XR sector evolves at a rapid pace, strong collaborations between industry and academia are essential. These partnerships will create meaningful impact across education, innovation and outreach.”
Yologram Style Pvt. Ltd. founder Aditya Mani added, “AI-driven creator worlds are transforming games into engines of culture, commerce and careers. Together we aim to empower a generation to build immersive futures.”
Eruditio Consultants founder Indrajit Ghosh noted, “This is not just about awareness, it is about building a structured ecosystem that connects aspiration with opportunity.”
The Zenfluencers CEO Atharva Gupta said, “This MoU is a big unlock moment for the esports ecosystem in India. We’re building a structured pipeline for talent across the full stack.”
By bringing together academia, industry leaders and ecosystem players, IICT is creating scalable models that blend cutting-edge skills with real-world relevance. In a sector racing toward the future, these three partnerships ensure India’s next generation of creative technologists won’t just keep up, they’ll set the pace.
