A critical determinant of the disruption and competition that Indian digital markets face over the next decade will be how, and when, nascent digital sectors like AI and Web 3.0 are regulated.

While AI development certainly merits closer scrutiny, Indian policymakers need to comprehensively consider all factors at play.

There is no doubt that there remains a gap in the regulation of upcoming Web3 technologies, along with the metaverse. In such an environment, Indian courts will be expected to evolve regulation through judicial precedent in a gradual piecemeal manner, by applying existing legal principles

It takes the focus away from a comprehensive understanding of the issue

Unconstitutionality, massive adverse economic impact, loss of jobs and investor confidence are enough reasons to rethink the recommendation of the GST on the contest entry amount