Check out this interesting report from Moneycontrol, a financial site in India. It details how/why Microsoft is pulling back on its ambitious plans for game development in India.
As I noted in a previous blog, India has been an increasing focus of attention in the industry over the past couple years. This includes a studio from Sony Online Entertainment, as well as projected revenues of $125.4 million in 2010 - up from $13.3 million in 2006.
