A booming market, millions of players, and huge IPO potential are putting India at the center of the global gaming scene.
Fast Growth and Big Opportunities
India’s online gaming industry is growing faster than ever and could soon become one of the country’s top investment sectors. A new report by WinZO Games and the Interactive Entertainment and Innovation Council (IEIC) reveals that the industry could unlock $26 billion in investor value through IPOs — and reach $63 billion by 2029.
A Market on the Rise
The Indian gaming market is currently worth $3.7 billion and is expected to grow at a rate of 19.6% per year until 2029. By then, the market could grow to $9.1 billion.
India’s only listed gaming company, Nazara Technologies, has already seen high valuations. The report suggests that more Indian gaming companies going public could unlock massive value for investors.
India: A Global Gaming Powerhouse
India is now home to 591 million gamers, making up nearly 20% of global players. The country saw 11.2 billion mobile game downloads, thanks to its mobile-first and youth-driven population.
There are over 1,900 gaming companies in India, employing 130,000 professionals. So far, the industry has attracted $3 billion in foreign investment, mostly in paid gaming platforms. New alternatives to app stores like Google Play are also helping the industry grow.
Looking Ahead
By 2034, India’s gaming industry could reach a value of $60 billion, with nearly 1 billion players by 2029.
Most Indian gamers prefer casual and hyper-casual games, especially in local languages — showing a strong demand for India-focused content.
“Made in India, for the World”
The report highlights the growing global role of Indian game developers and calls for more games that are “Made in India, for the world.”
India’s gaming future looks bright — and the world is taking notice.
