Indian Games Industry registers growth in 2012

The industry is expected to grow further.

Posted By | On 17th, Apr. 2013

Indian games industry has grown by 16% YoY in 2012, MCV India has reported. These figures come from Indian Media and Entertainment Industry Report and the projections for future are quite good as well.

The industry was worth $277 million last year, and will reach $776 million by 2017, according to the report.

Good news for console gaming, though. The report estimates that it will be the leading segment even after the rise of mobile and social gaming for years to come.

However, it did record lower than expected growth of about 8% in 2012 and was due to ‘overall sluggishness in the economy impacting both unit sales and attach ratios.’

The blame for that fell on the discontinuation of the PS2, which was doing quite well in developing markets like India. It probably wasn’t feasible for the platform holders to continue with it because the PS4 was on the horizon and it was about time they pushed the PS3 in such markets.

Tell us what you think in the comments section below.


Tagged With:

Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

15 Things You Shouldn’t Avoid in Dragon’s Dogma 2

15 Things You Shouldn’t Avoid in Dragon’s Dogma 2

Make life in Dragon's Dogma 2's harsh world easier for yourself by paying attention to these 15 things.

12 Things to Do in Dragon’s Dogma 2 After Completing the Game

12 Things to Do in Dragon’s Dogma 2 After Completing the Game

There's plenty of reasons to keep playing even after you've hit the credits in Dragon's Dogma 2.

Tekken 8 Adds Eddy Gordo on April 4

Tekken 8 Adds Eddy Gordo on April 4

Those who own the Playable Character Year 1 Pass will be able to start playing as Eddy ahead of his global rel...

Dragon’s Dogma 2 Update Adds Motion Blur, Ray Tracing, and 30 FPS Options on PS5

Dragon’s Dogma 2 Update Adds Motion Blur, Ray Tracing, and 30 FPS Options on PS5

Capcom notes the update "won't affect frame rate significantly", with future updates to improve performance st...

Cyberpunk 2077 and Phantom Liberty Have Generated Roughly $750 Million in Revenue

Cyberpunk 2077 and Phantom Liberty Have Generated Roughly $750 Million in Revenue

In 2023, the action RPG and its expansion raked in roughly $206 million in revenue, CD Projekt has revealed.

The Witcher 4 Has Over 400 Developers Working on it, Still in Pre-Production

The Witcher 4 Has Over 400 Developers Working on it, Still in Pre-Production

Meanwhile, Cyberpunk 2 and Fool's Theory remake of the first Witcher are both in the concept stage of producti...