India has 555 million gamers, and its games market, excluding real-money gaming, grew 17% to $1.5 billion in 2025, according to venture firm Lumikai’s latest annual report, as reported by Outlook Respawn. Yet all ten of India’s top-grossing games come from global franchises such as Free Fire, Candy Crush Saga and Roblox. India is one of the world’s great audiences for games. It is not yet one of its great exporters.