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“As user willingness to pay rises, the subsequent 5 years will see India transform from a shopper market into a monetizing market.” Vernacular content, AI-led personalization, and seamless cost rails by way of 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 such as Pocket FM and Kuku FM. Casual and hyper-casual video games still rely closely on advertising, but mid-core and core titles are more and more pushed by participant purchases, such as season passes, consumables, and premium upgrades. The report finds that in-app purchases (IAPs)—once a niche model—are set to overhaul ad income by FY30, rising practically threefold between 2024 and 2030.

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India’s esports market, presently valued at $40 million, is projected to reach $132 million by FY30, as model sponsorships, merchandise, and media rights fuel monetization. The esports section, in the meantime, is anticipated to develop at a 26% CAGR to $132 million by FY30, supported by sponsorship-led revenues and recognition of esports as a legitimate sporting class beneath India’s Promotion and Regulation of On-line Gaming Act, 2025. Despite the regulatory overhaul, the digital gaming market remains resilient, projected to develop at an 18% CAGR to reach $4.3 billion by FY30, the report highlights. EY highlights the Indian M&E sector continued its strong progress trajectory. The real cash gaming (RMG) sub-segment constitutes a substantial a part of the net gaming ecosystem, comprising eighty two.8%5 of the market share in FY23, with greater than four hundred RMG start-ups6.

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