New Delhi: Boosted by higher demand, the fast-growing Indian animation and gaming industry is expected to be worth $2.5 billion (Rs. 11,435 crore) in the next three years, says global consultancy Deloitte.
According to estimates, the Indian animation and gaming market was valued at around $750 million (Rs. 3,430.5 crore) in 2009.
“This (Indian) industry is expected to be worth $2.5 billion by 2013, clocking a compounded annual growth rate (CAGR) of around 35 percent. The industry is growing in a big way,” said Deloitte Touche Tohmatsu India Private Limited’s Director Sandip Biswas, who recently authored a report on the animation, broadcasting and gaming industry.
Biswas said there is huge growth potential for the animation and gaming sector, especially with increasing demand. The product quality is also improving, he added.