The Federation of Electronic Sports Associations of India (FEAI) recently announced plans to release a policy paper that will act as a framework for the development of esports in India. These policies will create an outlook around gaming that aims to address talent development within the Indian video game ecosystem. Some of the topics expected to be outlined include job creation, education, revenue generation, etc.
“We at FEAI have been recommending policy intervention towards the promotion of animation, visual effects, gaming, and comics (AVGC) at the national level as well as placing a strong emphasis on development across states through regional chapters. We firmly believe that the AVGC sector offers immense potential to employ youth and the recent moves will further lead to building an Atmairbhar Esports Ecosystem for India,” said the FEAI in a statement.
At this time, the Indian government has not yet recognized any federation or association for esports in India. However, the FEAI has been proposing strong policy interventions that would be anchored by the Indian government with the aim of legal recognition for esports as well as other related industries to support the growth of the country’s gaming ecosystem.
According to Mordor Intelligence, the Indian gaming industry had an estimated value of $1.89 billion in 2019. The market is expected to be worth $4.01 billion by 2025, registering a compound annual growth rate (CAGR) of 14% between 2020 and 2025.