India’s media and entertainment industry is expected to double in size to Rs.1.66 trillion by 2017, from Rs.82000 crore last year. That’s a compounded annual growth rate (CAGR) of 15.2%, according to the Indian Media and Entertainment Industry Report 2013 by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG.
Increased digitization, the growth of regional media, upcoming elections, the strength of the film sector and fast-increasing new media businesses will see India’s media and entertainment industry grow 11.8% to Rs.91,700 crore this year, the report said. While traditional media such as television, print and radio continue to be dominant segments, animation, visual effects, films and music are also posting strong growth on the back of content and the benefits of digitization.
Source: http://cablequest.org/news/national-news/item/1882-ficci-frame-2013-media-industry-to-double-by-2017.html
Source: http://cablequest.org/news/national-news/item/1882-ficci-frame-2013-media-industry-to-double-by-2017.html
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