We have a population of 1.4 billion we can bring in a lot of viewership and profits for riot
I'll give an honest assessment:
India is not into any sport other than Cricket, but they are a bunch of glory hunters. So, it literally doesn't matter what the sport is if India starts being good at it, you will have at least 10-15 million people start watching it as soon as there is an Indian at the highest tier possible in that Sport.
Ex:
Chess
Archery
PUBG Mobile
Javelin Throw
So technically, only one Indian needs to be in the playoffs of Champs, and instantly, Valorant will get +5 mil in viewership.
For the moment India level is sadfully too low, and I think you don't have enough players.
If the hype around Valorant grow like in China, I think in maybe like... 10 years, your market will be enough big to have a full "continental" league, like Americas, Europe, Pacific and China, but that will depend a lot of you.
note : 1.0G = 1 000 000 000 people
Today we have :
To me they are 3 market that Riot can consider for a future "continental" league, and that can become a full T1 league if riot succeed to conquer this market, and the country that form this market is enough developped :
Subsaharia is way too early to think about that, the continent isn't well enough developped, but India and MENA have almost achieved their demographical transition, and level of life is way better than in the past, but let's be honest, Valorant isn't enough popular in those places yet, they are probably not enough player, and so not enough level, so it's too early to add some teams, (And I'm not that sure GE make more view than PRX or any JP team), India can be happy, they have GE, MENA doesn't have any team for exemple.
I still hope in 10 years India will be more developped, more people will play val (Valorant mobile may be a way to bring Indian market on the main game) maybe even a new server in Kolkata, Dehli and one in Dravidian region, have their own T1 continent, and some team representing the diverse part and language of this big country. (Give me Dravidian Esport vs Bengal United, and GE vs Pondicherry Revolution), Let's be honnest India isn't a part of Pacific, they are just here because they are no other places to put them, and Riot want to test India audience with GE, if they succeed I don't see Riot dump any team, the repartition of slot in the region is almost perfect (Thus I would want OCE have one slot), having a Pacific region with 2 or 3 team of Inidia wouldn't really make any sense. If GE suceed doing something great, I really want India got their own region, but before that they will at least need to win one ascension tournament, or have a mush bigger fanbase supporting GE.