Nevertheless, the country's esports ecosystem lacks major titles.
India's gaming sector is currently valued at around $3.1 billion. Prime Minister Narendra Modi's Independence Day address holds significance for game developers in the country where he called on the gaming talent to lead the global market.
"I am seeing a big market that has come up in the field of gaming, but even today, the gaming world has a big foreign impact in terms of producing the games and earning revenues. India has a big heritage in the area and we can bring lots of new talent to the world of gaming," the PM said.
Several gaming analysts and companies agree with what the PM has said. According to Anuraag Saxena, the chief executive officer (CEO) of industry body E-Gaming Federation (EGF), India has about 40 per cent of the world's games, cornering less than 1 per cent of the gaming revenues.
"We need to build a stronger foundation of talent and skills. Skilling is an integral part of India's AVGC policy.
This story is from the August 16, 2024 edition of Business Standard.
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This story is from the August 16, 2024 edition of Business Standard.
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