Karnataka Minister Priyank Kharge Discusses Gaming Industry Growth
Potential for Employment and Economic Benefits
Priyank Kharge, a minister from Karnataka, spoke about the promising future of the gaming industry at the Indian Gaming Convention held in Taj Palace, New Delhi. He emphasized the potential for increased employment and economic benefits if a regulatory framework is established for the industry.
Market Growth and Job Creation
The gaming market in India is currently valued at approximately Rs 16,500 crore, with expectations to grow to Rs 34,000 crore in the next four to five years. This growth could lead to the creation of 2,50,000 jobs, both directly and indirectly.
Need for Regulatory Framework
Kharge stressed the importance of a regulatory framework to support the industry’s growth, urging both central and state governments to promote responsible gaming and skill development. India currently has around 44 crore gamers and over 2000 startups in the gaming sector.
Karnataka: A Hub for Innovation
Kharge highlighted Karnataka’s role as the “innovation and skilling capital” of India, with centers for animation, visual effects, and graphics. The state aims to become a gaming capital, fostering global intellectual properties in the coming years.
Doubts Revealed
Priyank Kharge -: Priyank Kharge is a minister in the Indian state of Karnataka. He is involved in discussions about the growth of the gaming industry.
Gaming Industry -: The gaming industry involves creating and selling video games. It includes companies that make games for computers, consoles, and mobile devices.
Indian Gaming Convention -: The Indian Gaming Convention is an event where people from the gaming industry gather to discuss trends, opportunities, and challenges in gaming.
Rs 16,500 crore -: Rs 16,500 crore is a way to express a large amount of money in Indian currency, the Rupee. It is equal to 165 billion Rupees.
Regulatory framework -: A regulatory framework is a set of rules and guidelines created by the government to manage and support an industry, ensuring it grows safely and fairly.
Innovation hub -: An innovation hub is a place where new ideas and technologies are developed. Karnataka is known for being a center of creativity and technology in India.
Animation and visual effects -: Animation and visual effects are techniques used to create moving images and special effects in movies, games, and videos.