Global investors tell PM Narendra Modi plans to pump in $4 billion at risk due to gaming tax
Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28% gaming tax, saying the levy would adversely impact $4 billion in prospective investments, a letter showed.
Games such as fantasy cricket have become increasingly popular in recent years, but have also raised concerns about addiction among players. Image Source: Reuters