India is missing out on billions by not regulating online gambling.
There are also social and economic benefits that India is forsaking by not regulating gambling, and online gambling especially.Regulation would create jobs, thus generating more tax income and taking pressure off social security budgets. 2008 research conducted in Ireland concluded that by 2020, regulated gambling could create as many as 13,000 jobs in a country with a population of 4.5 million (source: the Irish Times). Given the size of India’s population, the number of jobs created could be significant. It would bring in foreign investment, as any foreign operator would, by law, be required to take on an Indian partner company as part of the licensing process. Standard rates of tax and a properly regulated gambling market would offer Indian gamblers a stable and protected market in which to gamble.