- India’s gaming market is set to be worth $7.8 billion by 2028, signifying its growth from an emerging market to a key player in the global gaming industry.
- This growth is driven by factors like the popularity of short-form entertainment, participation in interactive communities, widespread smartphone adoption, faster internet access, and affordable data plans.
- India ranks among the top countries globally for mobile game downloads, with 15.4 billion downloads.
- The gaming sector is expected to grow at a 20% CAGR, with increased in-app purchases and advertising revenue in casual and mid-core games playing a significant role.
- Real-money gaming (RMG) has seen significant revenue growth, but it may face challenges due to recent policies and industry consolidation, leading to concerns among users regarding the impact of GST regulations and TDS rules.