![]() ![]() According to a Lumikai report, there are 568 million gamers in India, including 25 per cent paying users the average revenue per user was $19.2.Ĥ67 million: The number of social media users in India in January 2023, equating to 32.8% of the population. But the sector as a whole saw a healthy growth, especially in esports, casual, hyper casual and mid-core games. The government hit real money gaming (RMG) companies with tax liabilities of upto Rs 50,000 crore, resulting in the RMG segment, which holds nearly 60 per cent of the market, staring at a funding freeze and potential job losses. Here is a one-stop recap for the year that was:ġ5.4 billion: The number of games downloaded in India this year, the second highest globally, only after China. Meanwhile, we have only just started realising the immense potential of AI combined with the effects of living in an increasingly connected world. There were exciting possibilities for India’s space exploration and manufacturing ambitions. It was a challenging year for Indian IT, but sectors like online gaming and drones experienced better fortunes.
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