A Game Changer For the Gaming Industry? The announcement of setting up an AVGC promotion task force has been lauded by experts; 5G spectrum auction and digital rupee to help the industry

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Are you a gaming enthusiast, interested in the field of animation, visual effects and comics? Then the Union Budget 2022 caters to your inclinations. Presenting the Union Budget, finance minister Nirmala Sitharaman, said, "The AVGC sector offers immense potential to employ youth. An AVGC promotion task force with all stakeholders will be set up to recommend ways to realize this and build domestic capacity for serving our markets and the global demand."

According to a KPMG report, the number of online gamers in India grew from approximately 250 million gamers in 2018 to 400 million gamers by the mid of 2020.The sector has witnessed tremendous growth in the last five years and is expected to reach $3.9 billion by 2025.

The gaming industry is a soon-to-be trillion-dollar industry and it is heartening to see the exponential potential in the sector has been acknowledged, said Paavan Nanda, co-founder of WinZO, a leading gametech company. "We welcome the announcement of setting up an AVGC task force with the objective of building domestic capacity to serve our markets and global demand. We are willing to work with public stakeholders to attract the best talent in this growing industry."

"It is very encouraging to see some of the long-pending suggestions from the AVGC sector being taken into consideration. This announcement highlights the need to build capacity to serve both domestic and global markets and is a strong indicator of the impetus that the government is willing to provide for its growth. Moreover, it will also help develop a workforce of young and employable AVGC professionals to usher in the next tech revolution from within India," said Sai Srinivas, co-founder and CEO, Mobile Premier League (MPL).

The AVGC sector can also be expanded to include online skill gaming, said Roland Landers, CEO at All India Gaming Federation. "Mostly, the games that come under AVGC sector are pertinent to game development. The task force will boost the sector as far as gaming development is concerned. Today, India constitutes 10 per cent of the global AVGC market, this task force will help India scale new heights globally. Moreover, with the introduction of the 5G network, the entire user experience will transform. It will be a game changer," he said.

Landers added that the plan to auction 5G spectrum will also help the gaming industry as it will augur well for virtual and augmented reality improving gaming experience. He also said the plan to issue digital rupee will help in increasing ARPU through in-app purchases.

Wavy Line
Shrabona Ghosh


A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Related Topics

Growing a Business

How to Disrupt Hustle Culture and Build a Business That Supports Your Wellness

You can leave work at five each day. You can turn off your phone in the evenings and take weekends off. You can exercise. You can be fully present with your family. You will be better for it, and so will your business.

Growing a Business

Why Failure Is Crucial To Success

The best of the best fail. It's how you respond that leads to success.

Growing a Business

How to Build a Thriving Community That Will Skyrocket Your Business

Build a strong community, and transform your business with these proven strategies.

Growing a Business

How to Grow Your Business With Social Media

Miriam Fried, owner of MF Strong, shares why a solid online presence, including social media and Yelp, is important for starting a business and achieving continued growth.


5 Traits and Characteristics of Successful Entrepreneurs in 2023

Entrepreneurship has become the new trending topic in the business world. In 2023, the entrepreneurial world is expected to flourish more than ever, and it will take a certain set of skills to be a successful entrepreneur. This article highlights what it takes to be a successful entrepreneur in 2023.

News and Trends

EV Finance Company Revfin Secures $5 Million Investment From DFC

Revfin plans to utilize the funds for new products and expansion to new geographies