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Shatts said:

This comes down to the ultimate question. What is an Indie game?
1. Pixel art style games
2. Game made by small team or an individual
3. Games with small budget
4. Games made for hobby
5. Games made without a publisher

Can't be 1, 2, 3, 4, nor 5. The answer is Indie games don't exist. Perhaps, every game is an Indie game. More budget does not equal AAA. I think it's important to understand what budget is used for anyways. I think people are using the word budget as if it's some magical word. Spending more money does not equal a better product. I kinda feel bad for these companies that gets the hate, but whenever it's a fan-made or indie game so many people praise it for the littlest thing. In fact you can easily make games nowadays without spending too much. I know indie games exist as a genre, but is it time to remove it? Imo I think this ranking is disrespectful to both "indie developers" and "AAA developers". What do you guys think.

Indie games are games that did not rely on a publishing party to fund the game in any significant capacity and are ones whose game was creatively independent. When we are talking about the budget themselves or the amount of people making a product, that's more along with the A, AA, AAA nature. IMO, you can absolutely have a AAA indie game if that developer has the funds for it. It's just that most don't because, when you get that big, you are likely to begin publishing titles and splitting up development teams. 

Basically, the "indie" status should be reserved for actual independent works, either creatively or financially. Whereas the number of "A's" should be reserved for the budget of a specific game independent of the developers status.