''Indian animation, gaming industry to be worth USD 2.5 bn''

Boosted by higher demand, the fast-growing Indian animation and gaming industry is expected to be worth USD 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 USD 750 million (Rs 3,430.5 crore) in 2009. "This (Indian) industry is expected to be worth USD 2.5 billion by 2013, clocking a compounded annual growth rate (CAGR) of around 35 per cent. The industry is growing in a big way," Deloitte Touche Tohmatsu India Pvt Ltd''s Director Sandip Biswas told PTI. He has 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.
The Indian animation and gaming industry garners major chunk of its revenues from outsourcing, with work outsourced by international production houses and game development companies.

The global animation and gaming industry is expected to be worth around USD 170 billion (Rs 7.76 lakh crore) by 2013.

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