As revealed in 1nsights by 1Lattice, India's gaming industry is set to grow from US$ 3.7B in FY24 to US$ 9.8B by FY29, fueled by mid-core and hardcore games growing at a remarkable 47% CAGR. The rapid expansion is driven by smartphone penetration, government initiatives, and a tech-savvy youth.
Key insights include:
- 560M+ gamers in India and counting
- Strategic investments by leaders like Nazara Technologies
- Government-backed growth via the AVGC Task Force and Esports
As India emerges as a global gaming powerhouse, stakeholders have exciting opportunities to innovate and capitalize on this fast-growing market.