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Writer's pictureSouma Jit

The Rise of Billion Doller Industry in India - Esports

If only we see 5 years ago it was practically non-existence. But now it is estimated to be worth about 1 billion dollar and growing exponentially. This tremendous growth is largely due to the increasing number of people who engage in gaming as a profession or hobby.

Moreover, as more and more international companies are investing heavily in indian esports. It seems like things are only going to grow and get better from here.


The Factors that have led to its Rapid Growth


The factors that have led the rapid growth can be attributed to several different elements.

First, the growing popularity of online gaming and esports in india led to more people familiar with the esports industry, which has led to its growth.

Second, the government has played a key role in helping the growth of industry. In 2017 , Indian government recognized esports as a medal sports. And also allocated 1.5 million dollar for its growth. This was followed in 2018 by publication of National Sports Policy aimed at developing India's esports sector.

Third, companies such as TENCENT, NORDWIN, UBISOFT have already invested in esports industry. And many more are planning to do so in the near future. These companies not only helping to develop a professional esports infrastructure in india but also it also provide a platform to the talented gamers to showcase their skills and make a name for themselves on the world stage.


Conclusion

In conclusion esports in India has come a long way and growing rapidly. Government, international companies and also Universities are investing heavily in this industry to ensure its growth. As the industry grows it will open more opportunity to the gamers across the india. If you want to make your name in this rapidly growing industry then this is the time!

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