Prime Minister Narendra Modi’s endorsement of the gaming industry as a key growth sector has sent ripples of excitement through the Indian gaming and esports ecosystem. In his Independence Day speech, the Prime Minister highlighted the immense potential of the sector and urged IT professionals and AI experts to lead the charge in creating world-class gaming products.
India, with its burgeoning youth population and increasing internet penetration, has emerged as a gaming powerhouse. The country currently boasts 17-20% of the world’s gamers, making it a lucrative market for both domestic and international players.
The global gaming industry is valued at a staggering $200 billion, and India is poised to capture a significant share of this pie. The Prime Minister’s recognition of the sector’s potential is a major step forward in fostering a conducive environment for the growth of the gaming and esports industry in India.
Industry leaders are jubilant about the Prime Minister’s endorsement. Mr. Parth Chadha, CEO & Co-Founder of STAN, expressed his enthusiasm, stating, The gaming industry in India has witnessed an exponential growth period representing the innovation and creativity our country has to offer. As we celebrate the independence of the country, it is encouraging to see gaming offering freedom of expression and connecting millions of people across the country. We believe that gaming communities in India are the key driving factor to further bolster India’s gaming system altogether at a new extent. Gaming in India has become one of the popular sources of income for youth that was considered as a mere timepass earlier. Gaming communities foster a sense of belonging among players, enhancing social interactions, and encouraging collaboration and competition. We are proud to share that our platform has recorded an impressive 12 million+ downloads of the STAN app making STAN India’s fastest-growing gaming community startup in India.”
“With his inclusion of providing opportunities to Indian game developers in this exponentially growing market, Prime Minister Narendra Modi has provided a major boost to the Indian gaming industry in his Independence Day address today. Gaming is an expression of your art and culture, and Modiji is the first Prime Minister to recognise, encourage, and inspire an entire industry by stressing on the fact that we should not just be an economy of consumers but also of producers. At SuperGaming, we have been building games with Indian art and culture, such as Battle Stars, MaskGun, and our newest game, Indus Battle Royale, showcases it in the best possible manner. Thank you, Modiji, for inspiring this nation on this very special day!” said Roby John, Co-founder and CEO of SuperGaming
“Rapid smartphone penetration and affordable internet are driving a massive influx of gaming consumers in India. However, the market has been largely dominated by foreign titles due to a lack of homegrown games. The Indian government’s recent push for local game development is a crucial step in bridging this gap. It not only fosters a thriving domestic gaming and esports ecosystem but also leads to job creation in a promising field. With India’s potential, we can soon expect locally developed games to gain global recognition, and gaming can play a crucial role in India’s growth story of the 21st century.” – Shiva Nandy, Founder and CEO, Skyesports.
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The Prime Minister’s address marks a watershed moment for the Indian gaming industry. With government support and the burgeoning talent pool, the sector is primed for exponential growth. As India celebrates its 78th Independence Day, the gaming and esports industry is poised to play a pivotal role in the country’s journey towards becoming a global tech powerhouse.
