Indian gaming industry to grow to $8.92 billion in next 5 years: Report

Even as the Indian gaming industry is grappling with the newly implemented 28 per cent goods and service tax (GST), the sector is expected to grow to $8.92 billion in the next five years, according to a recent report.

India’s gaming sector is currently valued at around $3.1 billion, according to industry estimates.

With 442 million gamers, India is the second-largest gaming market in the world behind China. Over the last five years, the Indian gaming sector has raised a total of $2.8 billion from domestic and global investors, with the real money gaming (RMG) segment being one of the chief revenue drivers, the report by Grant Thornton Bharat and the E-Gaming Federation (EGF) said.