India's gaming sector may reach $9 billion by 2029

India's online gaming industry is expected to grow rapidly, reaching over $9 billion by 2029. This growth is mainly driven by real money games. A new report from WinZO Games and the IEIC highlights that the market was valued at $3.7 billion in 2024, with real money gaming holding a significant 86% share. India currently has 591 million gamers, which is about 20% of the global total. The country has around 1,900 gaming companies and has seen over 11.2 billion mobile game app downloads. The industry employs about 130,000 skilled workers and has attracted $3 billion in foreign direct investment, mostly in the Pay-to-Play segment. WinZO co-founder Paavan Nanda noted the commitment to making India a leader in the global gaming sector. The report suggests that real money gaming will maintain a dominant position, though its market share is projected to decrease slightly over time. Non-real money games are expected to grow from 14.3% to 20% by 2029. The gaming market's growth could unlock $63 billion in investor value. India's only publicly listed gaming company, Nazara, holds a premium position among global gaming firms. As the industry expands, it is predicted to create over 2 million jobs and boost foreign investment, contributing to India's digital economy.