Gambling in India: A Study from the Perspective of Law and Economy
In recent years gambling became a very great market for entertainment as well as for earning a high amount of money. India is a very big market for the gambler. In this paper, we will focus on the major types of gambling practices in India and the impact of these gamblings on the Indian Economy. This paper discusses the three dimensions of gambling i.e., Economic Dimension, Legal Dimension and Political Dimension. It also includes important case laws. This paper discusses the recent trends in gambling such as online gambling and the need for regulation and benefit of regulation of online gambling. It also discusses the specific laws which governs gambling and under which law gambling is illegal in a particular state. It also focuses on the overall impact of gambling in India and how the crimes in India are directly proportional to gambling. This paper gives insights into the International framework for the regulation of online gambling. It explains how gambling the core reason for the increase of crimes in India.
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