Washington, The first-ever India pavilion has been inaugurated on the prestigious Game Developers Conference in San Francisco, reflecting a brand new dimension of the bilateral relationship between India and the US.

The inauguration on Wednesday additionally noticed the launch of the ‘India Gaming Market Report’. It was executed in collaboration with the US India Strategic and Partnership Forum and its member WinZO.

According to the report, India’s gaming market is anticipated to develop from USD 3.1 billion in 2023 to USD 6 billion in 2028.

The inauguration of the India pavilion marks a major milestone within the Indo-US relationship, mentioned USISPF president and CEO Mukesh Aghi.

“The online gaming sector in India is burgeoning and initiatives such as these would go a long way in fostering collaboration between the two nations, including investment, innovation and content. We envision a future where our combined creativity fuels the next wave of gaming excellence,” he mentioned.

The occasion witnessed the participation of WinZO co-founders Paavan Nanda and Saumya Singh Rathore, India’s Consul General in San Francisco Okay Srikar Reddy and Deputy Consul General Rakesh Adlakha.

Reddy underlined the numerous potential of India’s digital economic system, its youthful demographic dividend and the compelling energy of storytelling in propelling the expansion of the gaming sector.

“Each participant present at the India pavilion today serves as a digital ambassador, showcasing not only their work but also representing India on the global stage. It’s gratifying to witness companies like WinZO actively supporting and collaborating with game developers, enabling them to export their content and gain global recognition,” Reddy mentioned.

According to the India Gaming Market Report, the gaming business in India presently employs 1,00,000 professionals and is anticipated to create over 2,50,000 jobs within the coming decade.

India’s gaming market is estimated to develop from USD 3.1 billion in 2023 to USD 6 billion in 2028. There had been 881 million web customers in India in 2023 and the quantity is estimated to develop to 1.2 billion in 2028. Accordingly, the variety of on-line avid gamers is anticipated to extend from 568 million in 2023 to 893 million in 2028, the report mentioned.

India’s share of the worldwide gaming market is 1.1 per cent and the variety of gaming corporations in India has elevated from 25 in 2015 to 1,400 in 2023.

At 17 per cent, India accounts for the very best share of cellular sport app downloads worldwide, the report mentioned.

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