In 2023, India implemented regulations inspired by European antitrust measures and Chinese surveillance practices, causing concern among executives and investors. This marked the beginning of a regulatory shift, with additional measures expected in 2024 to exert stricter control over the tech sector. Notably, the Goods and Services Tax (GST) Council imposed a hefty 28% tax on online gaming, casinos, and horse racing, dealing a significant blow to India’s once-booming fantasy sports startups. As India continues to shape its regulatory landscape, the tech industry faces ongoing challenges, prompting a critical period of adaptation and strategic navigation.
