Prime Minister Narendra Modi‘s recent declaration about India’s potential to lead the global online gaming space resonates deeply with us, who are at the forefront of this vibrant industry.
Regarding the potential of India’s vibrant online gaming sector, PM Modi said, “India will be leading the charge in the global online gaming space, riding on the creativity of India’s youth. I have a firm belief that India’s Gamers and Creators will lead the global market in the near future.” The PM’s belief in India’s youth driving this transformation is not just a vision but an emerging reality bolstered by impressive statistics and the relentless innovation of our gaming community.
PM Modi weighs in on India’s potential in the online gaming and creative entertainment sector.
🎥: NDTV #PMModi #OnlineGaming #Gamers #Entertainment #SOGFederation pic.twitter.com/0rZixZaNZB
— Skillhub Online Games Federation (@sogfindia) May 20, 2024
Source & Credit : NDTV
The Indian online gaming market is one of the world’s largest and fastest-growing sectors, boasting an estimated 568 million gamers and over 9.5 billion gaming app downloads in 2023 alone. This unprecedented growth trajectory is expected to continue, with market revenues projected to surge at a 20% compound annual growth rate (CAGR), reaching INR 231 billion by 2025. These figures underline the enormous potential and burgeoning talent within our borders.
At the Skillhub Online Games Federation, we are committed to harnessing this potential to reduce inequality and foster prosperity nationwide. By leveraging the inherent creativity and cognitive skills fostered through gaming, we aim to create employment opportunities, drive the knowledge economy, and contribute to social development.
Online Gaming Can Unlock Untapped Potential of India in More Ways Than One
One of the most profound impacts of online gaming lies in its ability to enhance cognitive abilities. Gaming is not merely a source of entertainment but a potent tool for mental stimulation and development. Numerous studies have shown that gaming can improve attention span, problem-solving skills, and strategic thinking. These cognitive enhancements are particularly significant for children, providing them with skills transferable to academics and real-world scenarios. As we nurture the next generation of Indian gamers, we cultivate a populace more adept at critical thinking and innovation.
Moreover, the online gaming industry presents a unique opportunity to level the socioeconomic playing field in India. By creating diverse skill-based employment opportunities, we can help bridge the gap between different strata of society. The sector’s demand for talent spans from game design and development to marketing and management, opening doors for individuals from various educational and professional backgrounds. This inclusivity fosters economic growth and empowers individuals to achieve financial stability and personal fulfillment.
Also read: Skillhub Online Games Federation: Creating Awareness Towards Online Gaming
SOG Federation Shares PM Modi’s Vision For Indian Online Gaming Sector
India’s burgeoning gaming industry, with over 1,400 gaming companies and 500 gaming studios, is a testament to our youth’s entrepreneurial spirit and technical prowess. As we continue to innovate and expand, we aim to transform India into a multi-billion-dollar gaming and entertainment powerhouse. This vision includes nurturing homegrown talent and positioning our country as a global gaming innovation and entertainment leader.
A critical aspect of our mission at the Skillhub Online Games Federation is to chart clear career paths for gamers and provide them with the guidance and resources they need to succeed. By giving gamers the right direction, we enhance their career prospects and ensure the industry’s sustainable growth.
Prime Minister Modi’s confidence in India’s gamers and creators reflects the transformative potential of this industry. His vision aligns perfectly with our mission to elevate India’s position on the global stage. With unwavering support from the government and a collective effort from all stakeholders, we can realize this vision and make India a dominant force in the global gaming and entertainment industry.
In conclusion, the online gaming sector in India is on the cusp of a remarkable transformation. At the Skillhub Online Games Federation, we are proud to be at the forefront of this revolution, working tirelessly to enhance cognitive abilities, create equitable employment opportunities, and establish India as a leader in the global gaming space. With the creativity and innovation of our youth, the future of India’s gaming industry is incredibly bright.
(This article is by Shankar Aggarwal, President SOG Federation)
