In the last five years, Indian online gaming firms have attracted $2.8 billion in global investments, generating numerous jobs. However, a recent GST hike from 18% to 28%, effective since October 2023, poses challenges. This tax increase, termed the world's harshest, burdens online gaming companies, potentially stifling growth, reducing profit margins, and deterring investors. Players may be discouraged due to increased costs, impacting sector growth. Despite this, industry leaders anticipate significant shifts. Cloud gaming is expected to rise, offering convenience and accessibility. Technologies like VR, AR, and the metaverse are poised to reshape gaming, fostering socially engaging experiences. While the GST hike presents hurdles, it's also seen as a catalyst for innovation, setting the stage for a future where online gaming is more accessible and immersive.