Indian Media and Entertainment industry clocks 13% growth to reach INR 1.67 trillion in 2018: FICCI-EY report
Indian Media and Entertainment industry clocks 13% growth to reach INR 1.67 trillion in 2018: FICCI-EY report MUMBAI, 12 March 2019: The Indian Media and Entertainment (M&E) sector reached INR1.67 trillion (US$23.9 billion) in 2018, a growth of 13.4% over 2017, states the FICCI-EY report, ‘A billion screens of opportunity,’ launched today at the FICCI FRAMES 2019 in Mumbai. With its current trajectory, the M&E sector in India is expected to cross INR2.35 trillion (US$33.6 billion) by 2021, at a CAGR of 11.6%. While television retained its position as the largest segment, growth is expected to come from digital which will overtake filmed entertainment in 2019 and print by 2021. The report captures key insights from the exciting and fast-growing Indian M&E sector. The sector continues to grow at a rate faster than the GDP, reflecting the increasing disposable income and economic growth. India has the second highest number of internet users after China with...