As of financial year 2023, the market size of India's real money gaming (RMG) segment was the largest among all the gaming sector categories, valuing two billion U.S. dollars. Comparatively, eSports accounted for the smallest segment of the booming market. Overall, the gaming sector in India was estimated to grow at a CAGR of 20 percent by fiscal year 2028, owing to a high conversion rate of gamers to paid users predicted in the coming years.
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Lumikai. (November 2, 2023). Market size of the gaming sector in India from financial year 2021 to 2023, with an estimate for 2028, by category (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1401082/india-gaming-market-size-by-category/
Lumikai. "Market size of the gaming sector in India from financial year 2021 to 2023, with an estimate for 2028, by category (in billion U.S. dollars)." Chart. November 2, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1401082/india-gaming-market-size-by-category/
Lumikai. (2023). Market size of the gaming sector in India from financial year 2021 to 2023, with an estimate for 2028, by category (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1401082/india-gaming-market-size-by-category/
Lumikai. "Market Size of The Gaming Sector in India from Financial Year 2021 to 2023, with An Estimate for 2028, by Category (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Nov 2023, /statistics/1401082/india-gaming-market-size-by-category/
Lumikai, Market size of the gaming sector in India from financial year 2021 to 2023, with an estimate for 2028, by category (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1401082/india-gaming-market-size-by-category/ (last visited July 24, 2026)
Market size of the gaming sector in India from financial year 2021 to 2023, with an estimate for 2028, by category (in billion U.S. dollars) [Graph], Lumikai, November 2, 2023. [Online]. Available: /statistics/1401082/india-gaming-market-size-by-category/
