Lumikai's project for the growth of India's game market.
Lumikai's project for the growth of India's game market.
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India’s game market could grow from $3.8B to $9.2B by 2029 | Lumikai

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

India’s game market could grow from $3.8 billion in 2024 to $9.2 billion by 2029, according to a report by Lumikai.

That represents a 20% compound annual growth rate. Lumikai, a venture capital fund in India focused on games, also said that India’s $3.8 billion gaming market is about 30% of its broader $12.5 billion new media market.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.