Mumbai: According to a recent report by Ficci and Pricewaterhouse Coopers, the Indian gaming industry is projected to grow to from an estimated size of Rs2.7 billion in 2007 to Rs14 billion by 2012. This means there will be cumulative growth of 39% over the next five years. According to panelists at the Ficci-Frames 2008 conference, being held in Mumbai, on the business of entertainment, the industry is game for entering the next level.
However, experts state that high duties are preventing the market from growing. It, therefore, becomes more difficult for companies to make India-specific content for gamers.