Reliance Jio, Airtel preparing to cash in on online gaming boom in India

The Covid-19 pandemic induced nation-wide lockdown has not only redefined how India Inc works and children study, but has also opened up more avenues how these netizens can unwind after a hard day’s work.

Online gaming, that was a $1.9 billion industry in India in 2019, according to Redseer estimates – a Bengaluru-based consulting firm – can well be on track to grow at a 35 per cent compounded rate (CAGR) to hit $8.4 billion by 2024. This, according to Bofa Securities estimates, spells boon for Indian telecom companies, especially Reliance Jio and Bharti Airtel, which are waiting to capitalise on the opportunity.