Indian digital gaming industry to more than double to USD 7.5 bn by FY28: Lumikai

New Delhi, Nov 2 (PTI) Indian digital gaming industry is likely to more than double to USD 7.5 billion by FY28, mainly on the back of growth in in-app purchases, ad revenues and user base, a report by gaming venture capital firm Lumikai said on Thursday.

The Indian gaming industry clocked USD 3.1 billion in revenue in the financial year (FY) 2023, according to the annual State of India Gaming report released by Lumikari in collaboration with Google.

‘India’s gaming market hit USD 3.1 billion in FY23 and is projected to reach USD 7.5 billion by FY28. Future growth is expected to be driven by growth in in-app purchases and ad revenues in casual and mid-core games,’ the report said.