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“India’s monetization story is moving from dependence on advertising CPMs to a diversified stack of in-app purchases, subscriptions, and microtransactions,” the report concludes. The report notes that India’s gaming and media customers are maturing rapidly, with Tier 2+ audiences increasingly paying for content as soon as restricted to urban metros. The report highlights the rise of nano-transactions—payments as little as ₹1–₹10—as a vital bridge between free and paid consumption, significantly in Tier 2 and Tier 3 markets. Micro dramas, a fast-growing format mirroring China’s trajectory, are projected to hit $700 million by FY30, with monetization primarily via subscriptions (81%) quite than advertisements, due to low CPMs within the Indian market. The interactive media market—spanning audio streaming, micro dramas, short-form video, and astro tech—is forecast to develop 7x from $440 million in FY25 to $2.7 billion by FY30. Advertising and platform subsidies at present account for the majority of revenue, but ticketing, tournament charges, and media rights are anticipated to emerge as future growth levers.
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