There are approximately 365 million mobile game users in the country. The Indian online gaming industry expects to reach a valuation of US$3.1bn in 2023.
India.- The online gaming industry in India continues to grow rapidly. Driven by Covid-19 lockdowns, higher quality games and faster Internet, online gaming in India is growing by leaps and bounds, reaching a value of US$1.2bn.
Nazara, India’s only gaming firm with a presence in markets in Africa and North America, entered the Indian esports market through Nodwin Gaming and has invested more than INR3bn (US$42 m) in mobile gaming over the last five years.
Venture capital funds have already invested US$107m in Indian gaming startups in 2021 and US$438m since April 2020.
According to a report made by Limelight Networks, a video delivery and edge cloud services provider, Indian video game players spend an average of 8.5 hours each week playing.
Online Gambling in India
Online gambling is a popular pastime in India and the number of online gamblers has grown during Covid-19 lockdowns. However, some states have banned online gambling in recent months.
The state government of Kerala imposed a ban after recent suicides were linked to financial problems caused by online gaming.
The Rajasthan state government is looking to pass a similar ban, while Tamil Nadu has already made online gaming a punishable offence, with promoters facing up to two years in jail.