Metaverse And India :
Metaverse is currently at a nascent stage, and it made its way to the collective consciousness after Facebook chose to rename itself as Meta. Similar to the rapid development of AI and the apprehensions surrounding it, Metaverse too has triggered significant debates around regulatory oversight, privacy and user safety. Based on the report, if India is to witness a mass adoption, there seems to be a need for necessary guardrails in place to protect the interests of all stakeholders.
“The government should have a proactive policy that acknowledges their support for the Metaverse. The biggest barriers to adoption will be the cost of
augmented reality (AR) and
virtual reality (VR) devices.
They should consider implementing a favourable policy environment, such as tax rebates, incentives, or subsidies, especially for the use of these devices in healthcare and education. To start, the government needs to endorse and have a vision for the Metaverse,” Maitra told the
indianexpress.com
.