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India News: Online gaming sector fuels $1 trillion digital economy ambition

India’s digital revolution over the last two decades has propelled it into one of the world’s largest and fastest-growing markets, with over 700 million internet users. According to the Observer Research Foundation (ORF), India is on track to achieve a USD 1-trillion digital economy and a USD 300-billion electronics industry by 2025-26, contributing up to 23% of the GDP.

A key driver of this growth is the booming online gaming sector, which is creating transformative opportunities across industries. This rapidly expanding sector is expected to attract foreign direct investment (FDI), boost tax revenues, generate employment, and foster innovations in fintech, Web 3.0, augmented reality (AR), and cybersecurity.

India’s gaming industry mirrors global trends where gaming technologies, such as VR, AR, and rendering software, find applications beyond entertainment. For example, these technologies are used in healthcare for medical training, in manufacturing for process optimization, and in energy for operational efficiency. A Finnish study has highlighted how gaming innovations spill over into diverse sectors, enhancing productivity and driving innovation.

The online gaming sector’s synergy with India’s thriving fintech ecosystem further accelerates digital growth. Gaming platforms rely heavily on secure digital payment solutions, and one leading Indian platform handles over 4 billion micro-transactions monthly—equivalent to one in every 300 UPI transactions. Notably, 20% of users on the platform make their first digital payment through gaming, showcasing its role in driving fintech adoption.

As the online gaming industry continues to expand, it is poised to strengthen the broader digital economy, catalysing advancements in payments, technology, and cross-sectoral growth.

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