Indian Media and Entertainment Industry to touch INR 1,457 Billion by 2016: FICCI-KPMG report Industry Achieves 12 per cent Growth in 2011; is projected to Grow
FICCI Frames 2012 to be inaugurated by the Chief minister of Maharashtra, Prithviraj Chauhan on 14th march at 10.00 am Indian Media & Entertainment Industry to touch INR 1,457 Billion by 2016: FICCI-KPMG report Industry Achieves 12 per cent Growth in 2011; is projected to Grow at CAGR of 15 per cent Over Next Five Years Mumbai, March 10, 2012: In 2011, the Indian Media & Entertainment (M&E) industry registered a growth of 12 percent over 2010, to reach INR 728 billon, says the FICCI-KPMG report. The growth trajectory is backed by strong consumption in Tier 2 and 3 cities, continued growth of regional media, and fast increasing new media business. Overall, the industry is expected to register a CAGR of 15 percent to touch INR 1,457 billion by 2016. The report will be formally released at the inaugural session of FICCI FRAMES 2012 on March 14, 2012. 2011 has been a challenging year not just for the Indian M&E industry, or even the Indian economy, but for the larger w...