India’s online gaming industry to cash-in Rs 11,900 crore revenue by 2023: Report

The rapid growth in digital infrastructure has led to an exponential growth of online gaming in the country, with the revenue is expected to touch Rs 11,900 crore by FY23, according to a report.
The online gaming industry that was pegged at Rs 2,000 crore in FY14 grew 2x to reach Rs 4,400 crore in FY18. The revenue expected to clip at 22 percent CAGR from FY18-FY23 to touch Rs 11,900 crore, a KPMG report said.
The report observed that the number of gamers and game developing companies has surged to 250 million in 2018 from 20 million and 25 million, respectively in 2010.