India has officially launched the India Gaming Report 2025, a comprehensive study co-created by WinZO and the Interactive Entertainment and Innovation Council (IEIC). By 2034, the research predicts that India’s gaming industry will be worth USD 60 billion. Currently valued at USD 3.7 billion in 2024, the market is anticipated to increase at a CAGR of 19.6%, hitting USD 9.1 billion by 2029.
India is home to 1,888 gaming enterprises and employs over 130,000 experts. With approximately 600 million users currently, the gaming audience is predicted to expand to 952 million in the next five years. The analysis says this expansion can produce over 2 million skilled jobs and enhance India’s position in the global gaming sector from 1.1% to 20% by 2034.
Pay-to-Play, an Indian innovation based on UPI, has played a major role in monetisation, drawing over 90% of the $3 billion FDI in gaming.
Gaming currently makes up 29.6% of India’s New Media market, surpassing OTT, audio, and social media. The paper finds that with regulatory support and strategic investment, India is positioned to become a worldwide leader in gaming IP and digital exports.
