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The Indian Game Development industry has seen extraordinary growth in the past few years thanks to the rise of new game development ventures, both individual and organization level 55 Club. The gaming market in India went from $0.8 billion dollars in 2019 to $2.6 billion dollars in 2022. Moreover, it is projected to reach $8.6 billion dollars by 2027.
In India, the Government has authorised foreign Direct Investment at 100% in the gaming industry by the automatic route and the amendment in the Information Technology rule, 2021, which has been the biggest step for the startups in the gaming sector to attract investors without any restriction from the worldwide. Also, the Government of India is establishing a National Centre of Excellence for Animation in collaboration with IIT Bombay in 2021. Also, the Telangana and Karnataka governments have taken the initiative to launch a policy for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC) to assist in the growth of the gaming sector until 2029.
iXie is the gaming division of Indium Software. It began as a game testing company in 2011 and today offers end-to-end gaming services across the game development lifecycle. iXie has more than 700 games onboard and also has a training academy that has veterans in the gaming industry. It has developed a wide range of games, including casual, multiplayer, and virtual reality titles.
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What is the future of gaming industry in india
On May 7 2024, MadMantra released Kamla, a survival horror game set in the 1980s in India. In the game, you play as a priest tasked with exorcising a woman named Kamla who has been possessed by a demon. The gameplay involves solving puzzles, finding items for a ritual, and evading Kamla when she’s angry.
Passion Gaming has amassed more than five million registered users, of which 10% are real-money players. Currently, there are around 40,000 to 45,000 Monthly active users (MAUs). Passion Gaming is touching new highs of net gaming revenue month on month based on the incremental new users, and there is plenty of runway for growth ahead. Clearly, rummy is extremely popular in India, more than any other card game. The market is large and growing rapidly.
The indie game scene in India has been growing recently as more studios develop games that draw on Indian history and culture. In 2009, Desi Adda: Games of India was released, showcasing the traditional games of India. Asura, a PC game created in 2017 by Ogre Head Studio, draws on aspects of Indian mythology. The game is not only popular in India, but also in the U.S., China, and Japan. Asura won the Game of the Year award at the 2017 NASSCOM Game Development Conference.
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