November 18, 2022
The sector currently employs about 50,000 people
The country’s gaming industry is expected to witness a 2.5x growth and reach INR 38,097 crore, by 2026
India’s gaming sector is expected to attract an FDI of INR 780 crore, by the end of FY23
The country currently has the world’s second-largest number of gamers
India’s gaming industry will create 100,000 direct and indirect jobs by the end of this year and the sector is expected to grow by 30% in the forecast period, according to a report from TeamLease Digital.
Media reports said that the sector will add new jobs across domains such as programming, testing, animation, design, artist and other miscellaneous roles over the coming months. The sector currently employs about 50,000 people of which 30% of the workforce consists of programmers and developers.
Experts said that the country’s gaming industry is expected to witness a 2.5x growth and reach INR 38,097 crore by 2026. They further added that the number of employees in the country’s gaming industry is further projected to increase by 50%, and take the sector’s overall growth trajectory to more than 113% by 2025. Furthermore, India’s gaming industry is expected to reach US$ 8.6 billion by 2027.
The experts also said that gamification today is not just restricted to traditional gaming avenues, as the introduction of emerging technologies like Web3 and metaverse is extending the sector to verticals like e-commerce, fintech and education. India’s gaming sector is expected to attract an FDI of INR 780 croreby the end of FY23. India currently has the world’s second-largest number of gamers.
According to the report, women comprise 40% of the gaming industry, and the numbers are expected to grow over the years.
With an increasing interest in e-sports, a rise in demand for video-game consoles, and the growth of domestic game development studios, gaming can soon turn into a significant economic contributor.