There are actually 500+ gaming startups working in the nation, many exporting Indian expertise and creativity globally. The report notes that five of the highest 10 most-downloaded games in India are shubh labh developed domestically. India is no longer just consuming global IPs; it’s creating them. The diversity in preferences from strategic RPGs to narrative-driven indie titles signifies a maturing player ecosystem ready for experimentation. Rewarded ads where players choose to watch ads in change for in-game advantages stay probably the most accepted ad format, with 70% of players reporting optimistic sentiment towards them.
“As person willingness to pay rises, the following five years will see India remodel from a consumer market into a monetizing market.” Vernacular content, AI-led personalization, and seamless payment rails through UPI AutoPay are cited as enablers of this shift. Audio streaming is ready to quadruple to $300 million, led by direct payments and subscriptions on platforms similar to Pocket FM and Kuku FM. Informal and hyper-casual games nonetheless rely closely on advertising, however mid-core and core titles are increasingly driven by participant purchases, corresponding to season passes, consumables, and premium upgrades. The report finds that in-app purchases (IAPs)—once a distinct segment model—are set to overhaul ad revenue by FY30, growing almost threefold between 2024 and 2030.
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