financetom
Business
financetom
/
Business
/
Mad About Markets: Indian gaming industry gunning for higher growth
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mad About Markets: Indian gaming industry gunning for higher growth
Apr 6, 2022 8:15 AM

Globally, the gaming industry is bigger than movies and music. The gaming industry grew from about $116 billion in 2017 to over $157 billion by 2020.Compared to this, the movies industry is pegged at under $40 billion, and music under $60 billion. Gaming is bigger than both combined...

In India, the pace at which gaming is growing, it is expected to be at par with the Bollywood industry this year itself, and surpass it by 2023. Gaming is seen as a $3.5 billion industry by 2023, from about $2 billion in 2021.

The Indian online gaming market has seen tremendous growth in recent years. India currently has the second-largest base of online gamers in the world after China. From 433 million active online gamers in FY21, the number is expected to touch 657 million by FY25.

Nitish Mittersain Founder & MD of Nazara Technologies --a diversified gaming and sports media platform- talks about the overall gaming space, in terms of downloads, revenue, and active users.

For full interview, watch accompanying video

Read Here | VIEW | Why it is time to bring in a progressive law and regulate online gaming

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AptarGroup Names Gael Touya as Next CEO
AptarGroup Names Gael Touya as Next CEO
Mar 17, 2026
05:38 PM EDT, 03/17/2026 (MT Newswires) -- AptarGroup ( ATR ) said late Tuesday it has appointed Gael Touya, Aptar Pharma president, as president and chief executive officer from Sept. 1. Touya will succeed Stephan Tanda, who plans to retire by the end of the year, the company said, adding that Tanda will serve as an advisor through the end...
BHP names Brandon Craig as CEO, succeeding Mike Henry
BHP names Brandon Craig as CEO, succeeding Mike Henry
Mar 17, 2026
March 18 (Reuters) - Mining giant BHP Group ( BHP ) on Wednesday named Brandon Craig as CEO to succeed Mike Henry, who will step down after more than six years at the helm. Craig currently serves as President Americas and has held several senior operational roles in the company, including leading its Western Australia iron ore business. In his...
Contango Stockholders Approve Dolly Varden Merger Proposals
Contango Stockholders Approve Dolly Varden Merger Proposals
Mar 17, 2026
05:36 PM EDT, 03/17/2026 (MT Newswires) -- Contango ORE ( CTGO ) said late Tuesday its stockholders approved all three proposals related to the proposed Dolly Varden (DVS) merger at a special meeting. The first proposal covers the issuance of Contango shares to Dolly Varden shareholders under the arrangement. The second involves increasing authorized shares to 250 million from 45...
Gran Tierra Energy Inc. Announces Strategic Partnership with Ecopetrol for The Development of Fields in the Middle Magdalena Valley Adjacent to Gran Tierra’s Largest Producing Field
Gran Tierra Energy Inc. Announces Strategic Partnership with Ecopetrol for The Development of Fields in the Middle Magdalena Valley Adjacent to Gran Tierra’s Largest Producing Field
Mar 17, 2026
CALGARY, Alberta, March 17, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ( GTE ) (“Gran Tierra” or the “Company”) (TSX:GTE) is pleased to announce that it has signed a contract (collectively, “the Contract”) whereby the Company is expected to earn, subject to regulatory approvals and other conditions precedent, a 49 percent working interest (“WI”) in the Tisquirama block located...
Copyright 2023-2026 - www.financetom.com All Rights Reserved