India's online gaming industry gains with increased user spending
1 year, 2 months ago

India's online gaming industry gains with increased user spending

Live Mint  

NEW DELHI : After years of stagnation, e-sports and video game firms in India have begun generating in-game and An industry report by Google and venture capital firm Lumikai, released on 2 November, pegged the annual average revenue per user for India’s gaming industry to reach ₹1,600 by FY23-end, rising tenfold in the past four financial years. Roby John, co-founder and chief executive of game development firm Supergaming, said according to internal research, there are “multiple games in India making $100 million, spearheaded by the Battle Royale genre". “Two years ago, India had a base of around 400 million ‘gamers’ who would contribute ₹1 in revenue, driven by ads. It is this that is fuelling a hockey-stick curve of growth in monetization for gaming in India, which will drive up monetization of in-game items exponentially in the next one to three years," Rathee said.

India Gaming Indian Revenue Million User Base Upi Gamers Sohn Monetization  monetization  gaming  million  india  industry  revenue  ingame  base  spending  firms  gamers  online  user  gains  increased  indias

History of this topic

In 2025, these apps are expected to dominate Indian market
1 week, 1 day ago

In 2025, these apps are expected to dominate Indian market

India Today  

Social media, gaming, entertainment, productivity, and e-commerce are likely to be the most popular categories expected to drive mobile app market growth in India in 2025, an analysis of app market intelligence providers. As per market intelligence firm App Magic, Instagram was the most downloaded free app and Free Fire MAX was the highest grossing app on both Apple’s App …

Decoding Zupee’s Success: What Makes it the Best Real Money Gaming Platform in India?
Trending News
2 weeks, 1 day ago

Decoding Zupee’s Success: What Makes it the Best Real Money Gaming Platform in India?

The Hindu  

In recent years, India has witnessed a digital revolution that has transformed various sectors, with the gaming industry emerging as a significant beneficiary. It is in this context that Zupee has risen to prominence, distinguishing itself as the premier real money gaming app in India. Several factors, combined together, make Zupee one of the best real money game platforms in …

Securing the game: Addressing challenges in India's online gaming industry
2 weeks, 5 days ago

Securing the game: Addressing challenges in India's online gaming industry

Hindustan Times  

The gaming industry has undergone seismic changes, evolving from rudimentary arcade games to expansive multiplayer online platforms. India’s gaming sector has witnessed astounding growth catalysed by affordable smartphones, low data costs, and Covid-19 restrictions, with over 450 million online gamers growing at 38% annually, making India the second-largest market globally. Legislative efforts to regulate online gaming, such as laws introduced …

Global Gaming In India: How Policy Reforms Can Unlock New Opportunities
4 weeks, 1 day ago

Global Gaming In India: How Policy Reforms Can Unlock New Opportunities

ABP News  

Online gaming in India is experiencing a boom, with nearly 430 million players actively engaged in a variety of games. With the right support and regulatory clarity, the global gaming industry will be drawn to India, paving the way for technological advancements, bridging the digital divide, and even inspiring educational game development. Thus, the imposition of an enhanced 28 per …

India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028
1 month ago

India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028

Live Mint  

India’s media and entertainment sector is poised to grow at a compound annual growth rate of 8.3%, reaching ₹3.65 trillion by 2028, far outpacing the global growth rate of 4.6%, according to PwC India’s report, Global Entertainment & Media Outlook 2024–28: India Perspective. Bolstered by India’s economic expansion and rising consumption, the advertising market is expected to grow at a …

India’s trade department partners with gaming platform WinZO for a global powerup
1 month, 2 weeks ago

India’s trade department partners with gaming platform WinZO for a global powerup

Live Mint  

New Delhi: The Department for Promotion of Industry and Internal Trade has entered into a two-year partnership with social gaming platform WinZO to boost India’s position in the global gaming market, a senior commerce ministry official said on Tuesday. This collaboration aims to nurture over 2,000 startups, innovators, and students in the interactive entertainment space through mentorship, workshops, accelerator programmes, …

Women Gamers Emerging as the Future Torchbearers
1 month, 2 weeks ago

Women Gamers Emerging as the Future Torchbearers

Deccan Chronicle  

Hyderabad: In DreamHack 2024, a young girl, Jennie, held up a sign that screamed “You inspire us.” She wasn’t cheering for the usual suspects of gaming royalty. According to Lumikai "State of India Interactive Media and Gaming Report-November", women now make up 44 per cent of India’s 591 million gamers, up from 41 per cent the year before. “People still …

India’s sports industry to jump to $130 billion by 2030: Deloitte-Google report
1 month, 3 weeks ago

India’s sports industry to jump to $130 billion by 2030: Deloitte-Google report

Live Mint  

MUMBAI: India’s sports industry is set to grow from $52 billion in 2023 to $130 billion by 2030, driven by a surge in multi-sport fan base and deepening engagement from Gen Z audiences, according to a Deloitte-Google report. “We’re witnessing a surge in multi-sport fandom, growing popularity of digital platforms, and deep engagement from Gen Z, who represent the largest …

Online gambling in India: A crisis unfolding behind screens
1 month, 4 weeks ago

Online gambling in India: A crisis unfolding behind screens

Firstpost  

Online betting and gambling have spread rapidly in India. Thus we spend around Rs 50,000 crore every year on online betting and online gaming — and surprisingly, this figure is more than the entire higher education budget of India. The second reason is that the companies operating online gambling lure people with their illusion in a very organised and skillful …

Cryptocurrency and Offshore Betting: A Money Laundering Threat in the Online Gaming Ecosystem
2 months, 2 weeks ago

Cryptocurrency and Offshore Betting: A Money Laundering Threat in the Online Gaming Ecosystem

New Indian Express  

Online gaming faces a significant threat from money laundering due to the use of cryptocurrencies and offshore betting platforms. The report highlights the increasing adoption of digital currencies like Bitcoin and Ether for in-game transactions, resulting in an upsurge in money laundering and fraud. Financial institutions must enhance their anti-money laundering (AML) systems to prevent the use of mule accounts …

Gaming Can Give India An Edge In AI Innovations: Here's What How The Govt Can Help
4 months, 1 week ago

Gaming Can Give India An Edge In AI Innovations: Here's What How The Govt Can Help

ABP News  

During the 78th Independence Day speech, from the ramparts of the historic Red Fort, PM Modi detailed a plan for ‘Viksit Bharat @2047. The online gaming industry has become one such arena for attracting higher investments from domestic and foreign investors that could trigger skilled-job creation, and multiply innovations in game design and development. Online Gaming & Indian GDP According …

Getting to a new level in India’s online gaming sector
8 months ago

Getting to a new level in India’s online gaming sector

The Hindu  

The Prime Minister’s vision to establish India as a prominent global gaming hub has received renewed attention as he engaged with seven of the top gamers in the country. The online gaming industry forms a critical part of the Digital India vision and initiative. Rapid growth The online gaming industry in India has seen a rapid expansion of 28% CAGR …

Gaming Industry eSports 2 Lakh Jobs In Next 10 Years India Gaming Report 2024 Report
9 months, 1 week ago

Gaming Industry eSports 2 Lakh Jobs In Next 10 Years India Gaming Report 2024 Report

ABP News  

The Indian gaming industry is thriving and it has even topped the US and Brazil in terms of game downloads. According to the India Gaming Report 2024, India’s total mobile game downloads exceeded the total downloads of the next two markets – the US and Brazil combined. Currently, the Indian gaming industry is experiencing a rise in the need for …

Decoding India's Online Gaming Landscape: Skill, Chance, and Regulation
9 months, 3 weeks ago

Decoding India's Online Gaming Landscape: Skill, Chance, and Regulation

The Quint  

In recent years, India has witnessed an unprecedented surge in online gaming, transforming it into a thriving industry with immense economic potential. One of the key aspects shaping the online gaming regulatory landscape in India is the distinction between games of skill and games of chance. Real Money Gaming stands out as the dominant model, driving a substantial portion of …

India’s gaming industry sees exponential growth: Meta report
9 months, 3 weeks ago

India’s gaming industry sees exponential growth: Meta report

The Hindu  

The gaming industry in India is experiencing exponential growth that is fuelled by digital advancements, according to a study commissioned by Meta and conducted by the online insights platform GWI. These findings, showcased at Meta’s inaugural Gaming Summit in India on Thursday, highlighted the pivotal role of Meta platforms - particularly Reels, video ads, and influencers - in shaping gamers’ …

Regulating India’s online gaming industry
11 months, 3 weeks ago

Regulating India’s online gaming industry

The Hindu  

As we know, market failures manifesting in various forms such as monopolies, externalities, and information asymmetries not only diminish economic value but also erode societal well-being, which results in decline in the trust of users. The online gaming industry in India is predominantly a home-grown start-up ecosystem growing at 27% CAGR. Similar to other forms of digital media, the meteoric …

Gamers earned better in 2023, HP says
1 year, 1 month ago

Gamers earned better in 2023, HP says

The Hindu  

Almost half of more than 3,000 serious Indian gamers who participated in a survey said they earned between ₹6 lakh and ₹12 lakh per annum in 2023, much higher than what they had earned in the previous year, according to the findings of study by HP conducted across 15 cities. Consequently, parents’ perspective on gaming had turned positive with 42% …

Lumiaki State of India Gaming Report IGDC 2023: India Gaming Market Projected To Reach USD 7.5 Billion By FY28, Country Leads In Global Mobile Downloads
1 year, 2 months ago

Lumiaki State of India Gaming Report IGDC 2023: India Gaming Market Projected To Reach USD 7.5 Billion By FY28, Country Leads In Global Mobile Downloads

ABP News  

Hyderabad: Lumikai, the first dedicated games and interactive media VC, has unveiled its highly anticipated 3rd annual ‘State of India Gaming’ report in collaboration with Google. India A Global Leader In Mobile Game Downloads One of the standout findings in the report is the robust growth rate projected at 20 per cent CAGR, primarily fueled by the increasing popularity of …

Online gaming companies get ₹1 lakh crore GST show cause notices so far
1 year, 2 months ago

Online gaming companies get ₹1 lakh crore GST show cause notices so far

The Hindu  

GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official said on October 25. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1. "Online gaming companies served notices worth about ₹1 lakh crore by …

Habits of Digital Naagriks Decoded: How Indians Spend Their Online Hours
1 year, 3 months ago

Habits of Digital Naagriks Decoded: How Indians Spend Their Online Hours

The Quint  

Social Media Dominance One striking finding of the report is that an average digital naagrik, spends approximately 194 minutes per day on social media. Moreover, a significant 89% of users are active on social media every day, while the numbers drop to 22% and 12% for daily activity on OTT and online gaming platforms, respectively. However, online gaming doesn't seem …

Users spend less than ₹100 a month on gaming: Report
1 year, 4 months ago

Users spend less than ₹100 a month on gaming: Report

Live Mint  

Indian users spend far more time on social media than on OTT players and gaming, according to a recently published working paper by technology and policy think tank The Esya Centre. The paper by Rajat Sharma and Vikash Gautam titled ‘New-Age Digital Consumption: A Survey of Social Media, OTT Content and Online Gaming’ also outlines that policy concerns around unwanted …

Only intention of online gaming companies is to make money through inducements and addiction, Tamil Nadu govt. tells Madras High Court
1 year, 4 months ago

Only intention of online gaming companies is to make money through inducements and addiction, Tamil Nadu govt. tells Madras High Court

The Hindu  

The argument related to rummy and poker being games of skill and not games of chance can at best be raised by players and not the online gaming companies whose only intention is to make money through inducements and consequent addiction, the State government argued before the Madras High Court on Monday. Should not the State be worried about this?” …

Is ‘Esport’ next big thing for India? Zerodha co-founder backs gaming industry
1 year, 5 months ago

Is ‘Esport’ next big thing for India? Zerodha co-founder backs gaming industry

Live Mint  

Recently, India's gaming industry got a major setback after a team of politicians and experts decided to impose 28% GST on online games during the 50th Council meeting held in July. However, according to Zerodha co-founder Nikhil Kamath, the gaming industry is going to be the 'next big thing' for India. Backing his viewpoint about the online gaming industry, Kamath …

Video-gaming firms write to PMO seeking distinction from real-money gaming industry
1 year, 5 months ago

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The Hindu  

As many as 45 video game companies in India on July 26, 2023, wrote to the Prime Minister’s Office and to the Ministries of Information & Broadcasting, and Electronics & Information Technology, seeking to put distance between themselves and the real-money gaming industry, amid the ‘widespread confusion’ caused by the latter being referred to as ‘online gaming’. “‘Online Games’ is …

Explained | Will 28% GST on online gaming affect its growth?
1 year, 5 months ago

Explained | Will 28% GST on online gaming affect its growth?

The Hindu  

The story so far: At the recently concluded 50th GST Council meeting, it was decided that online gaming would be taxed at 28% on the full-face value of the placed bets. Malay Kumar Shukla, secretary at the industry body E-Gaming Federation, termed the decision “extremely unfortunate”, saying “a tax burden where taxes exceed revenues will not only make the online …

Counter strike: Indian gaming studios are going in for the kill
1 year, 5 months ago

Counter strike: Indian gaming studios are going in for the kill

Hindustan Times  

What if the people of the Indus Valley Civilisation didn’t die out, but moved to another galaxy, where they are waiting to be rediscovered? The overseas interest did prove crucial for India’s biggest home-grown videogame success so far: the PC and console game Raji: An Ancient Epic. India’s gaming studios have traditionally serviced AAA titles such as Elden Ring, State …

5G, Cloud To Help India Gaming Market Reach $8.6 Billion By 2027: Report
1 year, 5 months ago

5G, Cloud To Help India Gaming Market Reach $8.6 Billion By 2027: Report

News 18  

The gaming market in India, which was worth $2.6 billion in FY2022, is predicted to grow by 27 percent each year. As per the State of India Gaming report shared during the third edition of the ‘India Gaming Conclave 2023, India’s gaming industry has experienced significant growth in recent years, making it one of the largest global gaming markets. For …

India's gaming market is expected to soar to 8.6 Billion USD by 2027 driven by 5G and cloud technology
1 year, 5 months ago

India's gaming market is expected to soar to 8.6 Billion USD by 2027 driven by 5G and cloud technology

India TV News  

The gaming market in India, which was valued at $2.6 billion in FY2022, is projected to experience an impressive annual growth rate of 27 per cent, reaching $8.6 billion by 2027. Ninad Chhaya, Senior Vice President at Reliance Games, expressed optimism about the future of the gaming industry, citing technological advancements and the ever-expanding global audience. With the rapid advancements …

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming
1 year, 5 months ago

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming

Hindustan Times  

BharatPe founder Ashneer Grover strongly criticised the recent decision of the Goods and Services Tax Council to impose a 28% GST on online gaming at the full value. He continued, “Time for startups Founders to enter politics and be represented - or this is going to be spate industry after industry.” Ashneer Grover on 28% GST on online gaming. 28% …

Online Gaming Companies Are Providers of Service and Should be Taxed As Such
1 year, 6 months ago

Online Gaming Companies Are Providers of Service and Should be Taxed As Such

Deccan Chronicle  

Hyderabad: The taxation policy on gaming has proven to be a contentious issue with the industry and the GoM taking contrarian views on what rate and value the online gaming platforms should be taxed at. However, in a recent report, it was noted that the key contention for decision making is whether the prize pool which is the “actionable claim” …

BGMI unbanned: Battlegrounds Mobile India returns to after one-year hiatus
1 year, 7 months ago

BGMI unbanned: Battlegrounds Mobile India returns to after one-year hiatus

The Hindu  

Krafton’s Battlegrounds Mobile India, known earlier as PUBG, has returned to India after the ban on the game was revoked. “We are highly grateful to the Indian authorities for allowing us to resume operations of Battlegrounds Mobile India. As per Niko Partner’s India Games Market Report 2022, India is a mobile-first market with 98.8% of gamers playing on the platform, …

India to see 20% jump in gamers
1 year, 8 months ago

India to see 20% jump in gamers

Deccan Chronicle  

Chennai: With the craze for fantasy, e-sports and real-money gaming growing significantly, the number of gamers in the country is expected to jump nearly 20 per cent from 420 million in 2022 to 500 million by 2025. Gaming apps spent over ₹5,000 crore in the financial year 2021-22 on The top 15 revenue-generating companies in this segment, including Dream11, Gameskraft, …

Self-regulation of online gaming will need safeguards
1 year, 9 months ago

Self-regulation of online gaming will need safeguards

Live Mint  

Video games are bad for you? The draft rules adopt a light-touch approach to regulation and provide for industry-created Self-Regulatory Bodies that would be responsible for registering online games and developing a framework for user protection. To ensure independence of SRBs, the registration conditions also call for provisions in the SRB’s Articles of Association to ensure independent functioning that is …

TDS Changes On Online Gaming: A Boon Or A Bane For 20 Crore Gamers?
1 year, 10 months ago

TDS Changes On Online Gaming: A Boon Or A Bane For 20 Crore Gamers?

The Quint  

The proposed TDS or tax deducted at source proposal for income from online gaming, announced in Budget 2023-24 has to a great extent provided certainty on direct taxation of winnings. The proposal to rationalise the direct tax structure in the online gaming industry – will usher in transparency, accountability, a clear legal identity, and clarity of taxation of the sector. …

Why MeitY Should Play It Right When Selecting India's Gaming Rules
1 year, 11 months ago

Why MeitY Should Play It Right When Selecting India's Gaming Rules

ABP News  

A November 2022 report by Boston Consulting Group came up with some startling facts and figures on India’s gaming industry. The rules also provide for KYC procedures almost equating the gaming industry with the banking sector, observance of due diligence, establishment of grievance redressal mechanism, prominent publishing of rules and regulations, privacy policy, user agreements, and so on. The rules …

Deep diving into the future of the online gaming industry in India
2 years ago

Deep diving into the future of the online gaming industry in India

Firstpost  

Online gaming in India has a ton of potential as an industry in India. India finally recognised online gaming as a legitimate form of entertainment and welcomed a culture centered purely around gaming. Crystal-gazing at the future of the industry, here are some of the other developments that will soon go mainstream and aid the growth of online gaming: Rise …

The dark side of online gaming: From people in debt to ruined families, online gaming in India needs to be regulated
2 years, 1 month ago

The dark side of online gaming: From people in debt to ruined families, online gaming in India needs to be regulated

Firstpost  

There have been many instances where people have ruined themselves financially and even died by suicide because they were addicted to online gambling and online gaming. The Online gaming has become extremely popular in India and has grown into a massive industry, with millions of people, spending billions of rupees across various games, every year. What this basically means, is …

Indian gamers showing strong interest in gaming career: HP India
2 years, 1 month ago

Indian gamers showing strong interest in gaming career: HP India

The Hindu  

About two-thirds of serious gamers who spend more than eight hours in gaming in a week and participate in online gaming competitions, are looking at exploring gaming as a career option, including becoming a gaming, influencer or a gaming software developer, according to a study undertaken by personal computer maker HP India. The study — ‘HP India Gaming Landscape Study …

Fantasy Gaming: 1 in 2 Indians Want Loss Limit of Rs 50-500 Per Game
2 years, 1 month ago

Fantasy Gaming: 1 in 2 Indians Want Loss Limit of Rs 50-500 Per Game

News 18  

As the debate on online gaming heats up in India, more than one in two Indians want a loss limit of Rs 50-500 per game for online and fantasy gaming, a report said on Tuesday. For 65 per cent out of 9,507 respondents, online fantasy sports is akin to gambling/wagering or a game of chance with risks in contrast to …

Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked
2 years, 1 month ago

Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked

Firstpost  

The Indian government has finally decided that online gaming essentially falls under the category of ‘demerit goods’ and hence should attract a 28 per cent GST. At present online gaming attracts 18 per cent GST, with the tax being levied only on gross gaming revenue, which is the fees charged by online gaming portals. Although the GoM deliberated on separate …

India’s gaming market to quadruple by 2027: report
2 years, 2 months ago

India’s gaming market to quadruple by 2027: report

The Hindu  

India’s gaming market reached $2.6 billion and is set to almost quadruple to $8.6 billion by 2027, according to ‘State of India Gaming report FY22’ report by Lumikai, an Interactive Media Venture Capital Fund. “Industry growth is expected to be fueled by a rapidly increasing gamer base, higher conversion to paid users, and increasing sophistication of Indian gamers,” Justin Shriram …

Fantasy gaming: Fast-growing industry opening new opportunities for sports fans
2 years, 2 months ago

Fantasy gaming: Fast-growing industry opening new opportunities for sports fans

Firstpost  

From being just a pastime for a few hobbyists just a decade ago to a multi-billion-dollar industry today, fantasy gaming has truly tapped the potential of the sports-obsessed Indian fans, reaching every nook and corner of the country Fantasy gaming is the new buzzword in India’s fast-evolving sports industry and its growth has been nothing short of meteoric. From being …

Online Gaming In India: A Look At The Sector's Evolution And Regulation Over The Years
2 years, 3 months ago

Online Gaming In India: A Look At The Sector's Evolution And Regulation Over The Years

ABP News  

New Delhi: India's online gaming industry has seen huge growth in the last few years. Going online is the most convenient way for people to gamble, so with India's growing online population, online gaming has also become more prominent. With the rise of online gaming in India comes risks and this is what some states like Tamil Nadu and Karnataka …

India panel calls for regulatory body, new law for online gaming
2 years, 3 months ago

India panel calls for regulatory body, new law for online gaming

The Hindu  

India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a Central Government panel said in a report seen by Reuters. In its confidential draft report dated August 31, the panel of government officials calls for creation of a new …

Online Gaming is a Part of the Digital Evolution Reshaping Newer Generations
2 years, 4 months ago

Online Gaming is a Part of the Digital Evolution Reshaping Newer Generations

The Quint  

Studies also suggest that such games are uniquely suited to address forms of literacy development, from teaching reading strategies in the classroom to supporting extracurricular, self-directed literacy improvement. In this light, online gaming has established itself as an important tool for learning about as well as immersing oneself into the digital space, to improve other skills. Not only does the …

Indian apps, games record 200% increase in active monthly users: Google Play
2 years, 4 months ago

Indian apps, games record 200% increase in active monthly users: Google Play

The Hindu  

Indian apps and games saw a 200% increase in active monthly users in 2021 compared to 2019, a Google Play official said in a blog post on Thursday. "Indian apps and games saw a 200% increase in active monthly users and an 80% increase in consumers spends in 2021 compared to 2019 on Google Play. Local developers are also finding …

casual gamers covid 19 started playing revilutionising indian online gaming industry mediatek winzo gamezop
2 years, 5 months ago

casual gamers covid 19 started playing revilutionising indian online gaming industry mediatek winzo gamezop

ABP News  

New Delhi: Casual gamers who started playing online games during the COVID-19 pandemic are revolutionising online gaming, industry players said on Wednesday. The revenue of the online gaming industry stood at Rs 13,600 crore to which casual gamers contributed Rs 6,020 crore in FY'21. The revenue level of the Indian online gaming industry is expected to increase to Rs 29,000 …

Is Banning BGMI Justified? Angry Gamers Question Future Of eSports In India
2 years, 5 months ago

Is Banning BGMI Justified? Angry Gamers Question Future Of eSports In India

News 18  

Battlegrounds Mobile India has been removed from the Google Play Store and the Apple App Store. Battlegrounds Mobile India is the India-only version of PUBG Mobile, which was also banned back in September 2020 along with several other companies with links to China. Currently, Battlegrounds Mobile India is working on most devices, but reports of server errors and issues with …

India to have around 900 million internet users by 2025: Report
2 years, 5 months ago

India to have around 900 million internet users by 2025: Report

Live Mint  

Around 346 million Indians are engaged in online transactions including e-commerce, and digital payments, according to a report published by the Internet and Mobile Association of India. The IAMAI report titled 'Internet in India' stated that the global coronavirus pandemic has witnessed a record increase of 51% from 230 million in 2019 in India, in online transaction in the past …

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