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India’s gaming industry powers up

Economic Times

Economic Times · 1y ago

India’s gaming industry powers up

India is the world's largest gaming market, with 568 million gamers and over 9.5 billion gaming app downloads in 2023. Mobile gaming dominates the market, contributing to 90% of the industry. The introduction of vernacular languages and Indian themes has expanded the user base to non-English speakers. Approximately 40% of Indian gamers are women, showing a preference for casual and hypercasual gaming. Around 20% of gamers are paying users, with in-app purchases expected to grow at a rate of 35% CAGR.

Related News

Meet underDOGS, the Mumbai studio bringing transmedia gaming to India

YourStory

YourStory · 1m ago

Meet underDOGS, the Mumbai studio bringing transmedia gaming to India

Mumbai-based underDOGS Studio, initially a B2B gaming firm, now creates original gaming IPs for PC and console, aiming to capitalize on India’s burgeoning $4.3 billion gaming industry. They gained success with mobile games like Skatelander and transitioned to producing narrative-driven games, like Mukti, funded by Sony and Epic Games. With a focus on cross-platform and transmedia storytelling, underDOGS seeks to pioneer culturally rooted stories in global gaming, eyeing a significant industry share.

WinZO enters US market days after India bans real-money gaming; Founder says, 'Our vision has always...'

IndianStartupNews

IndianStartupNews · 3d ago

WinZO enters US market days after India bans real-money gaming; Founder says, 'Our vision has always...'

WinZO, an Indian digital entertainment platform, has expanded into the U.S. market as part of its global growth strategy, following India’s recent ban on real-money gaming. This expansion aims to showcase Indian gaming technology and talent, positioning WinZO in major markets including India, Brazil, and the U.S. Despite India only contributing 1% to the global gaming industry, WinZO holds over 100 technology patents and continues to support cross-border cultural and talent exchanges.

India’s online money gaming ban faces first legal challenge as A23 owner moves Karnataka HC - The Economic Times

Economic Times

Economic Times · 21h ago

India’s online money gaming ban faces first legal challenge as A23 owner moves Karnataka HC - The Economic Times

Head Digital Works, owner of online gaming platform A23, has challenged Karnataka's new Promotion and Regulation of Online Gaming Law of 2025, in the High Court. The law bans online money games, impacting India’s gaming sector, valued at $3.7 billion in 2024. The company argues that the law wrongfully targets skill-based games like rummy and poker. Major platforms have suspended services, raising concerns over job losses and stifled growth in the industry.

Gaming bodies write to Amit Shah; urge to block blanket ban, warn of Rs 20,000 crore tax loss - The Economic Times

Economic Times

Economic Times · 9d ago

Gaming bodies write to Amit Shah; urge to block blanket ban, warn of Rs 20,000 crore tax loss - The Economic Times

India’s gaming bodies, including AIGF and EGF, urged Home Minister Amit Shah to reconsider the 2025 Online Gaming Bill, which proposes banning real-money skill games. They warn this could cripple a Rs 2 lakh crore industry, cause a Rs 20,000 crore tax loss, deter FDI, and lead to job losses. They advocate for smart regulation instead of prohibition to support the industry's growth and consumer protection.

Age checks, spending limits, self-exclusion needed for safe online gaming: Report

YourStory

YourStory · 3m ago

Age checks, spending limits, self-exclusion needed for safe online gaming: Report

A report by IndiaTech.org and Digital India Foundation advises India’s online gaming industry to implement voluntary safeguards over strict regulations to minimize risks like addiction. The proposed Code for Responsible Online Gaming (CROG) emphasizes age verification, spending controls, and self-exclusion. It stresses that punitive measures, like China’s playtime limits, drive users to unregulated platforms. The report advocates a “player-first” approach, combining oversight, financial safeguards, and education to foster responsible engagement and ensure user protection.

MeitY may ask MCA to keep ex-ante out of Digital Competition Bill for now

Economic Times

Economic Times · 1y ago

MeitY may ask MCA to keep ex-ante out of Digital Competition Bill for now

The Ministry of Electronics and Information Technology (MeitY) is expected to propose that the ex-ante provision in the Digital Competition Bill (DCB) draft should be excluded from the legislation for now. The Ministry may suggest further consultations with industry, startups, and stakeholders before finalizing the draft. There is a general consensus that the ex-ante provision needs further consideration and it may not be the right time for its implementation. The DCB draft proposes giving the competition regulator preemptive powers in addition to its current reactive powers. Several stakeholders have expressed concerns about the provisions, including startups and industry groups.

How Nazara Managed To Score A Point While Other Gaming Companies Cry Foul

OutlookIndia

OutlookIndia · 1y ago

How Nazara Managed To Score A Point While Other Gaming Companies Cry Foul

Nazara Technologies, a gaming start-up, has successfully raised INR 510 crore in recent funding despite the government's decision to impose a 28% GST on real-money gaming. The company's conservative approach, diversification strategy, and minimal exposure to real-money gaming have given investors confidence that Nazara can weather the sector's challenges. With revenue streams from various sources, such as subscriptions, platform fees, and advertising, Nazara plans to consolidate operations and continue its growth in the gaming industry. The company is also considering acquiring profitable game studios to expand its library.

Gaming major Krafton launches incubator programme for Indian startups

Economic Times

Economic Times · 1y ago

Gaming major Krafton launches incubator programme for Indian startups

Krafton, the gaming company behind BattleGrounds Mobile India, is launching a gaming-focused incubator program for Indian startups. The program will enroll six to ten teams every year and offer funding support ranging from $50,000 to $150,000, with exceptional teams eligible for up to $250,000. Participants will receive mentorship from gaming industry executives and have access to Krafton's resources. The program is open to early-stage startups, students, and independent developers of games across various formats. Krafton has already invested $140 million in 11 Indian gaming and content-driven ventures.

28% GST on online real money games: 3 layoffs, 3 shutdowns, what’s next?

Entrackr

Entrackr · 2y ago

28% GST on online real money games: 3 layoffs, 3 shutdowns, what’s next?

The imposition of 28% GST on online real money games has led to layoffs and shutdowns in the Indian gaming industry. Mobile Premier League (MPL), Spartan Poker, and Hike Rush Gaming Universe have laid off employees, affecting over 500 jobs. Additional startups like Fantok and One World Nation (OWN) have halted services or shut down. The move has raised concerns about the survival of startups in the industry. The policy risk and the GST impact are significant challenges, and some companies are exploring international expansion. KRAFTON announced a $150 million investment in India, while Ampverse plans to set up a gaming studio in the country.

'We Indians have had it far easier': Sridhar Vembu urges India to match China’s will to rise

Business Today

Business Today · 4m ago

'We Indians have had it far easier': Sridhar Vembu urges India to match China’s will to rise

Sridhar Vembu emphasizes that for India to rival China, it must focus on a civilizational revival, not just economic growth. He notes that Japan and Korea became global powers through cultural and economic awakenings, suggesting that India’s progress should mirror these nations. By understanding China's struggles and modeling its perseverance, Vembu asserts that Indians need to believe they are part of a broader renaissance, not merely witnessing another phase of GDP expansion.

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