Indian gaming worth $2.6 bn in FY22, will grow four-fold by 2027: Report

Country has 507 million gamers and more than 900 companies in the sector

India’s gaming market was valued at $2.6 billion in FY 2022 and it will be worth $8.6 billion by 2027 as it clocks a compound annual growth rate (CAGR) of 27 per cent, said a report on Thursday.

There are 507 million gamers in the country in FY22 out of which 120 million are paying users, according to the report by Lumikai, a gaming-focused venture capital fund. The number of gamers is expected to touch 700 million by FY 2025, growing at a CAGR of 12 per cent.

India recorded 15 billion downloads in FY22 to become the largest consumer