Learn about the growth of the entertainment industry in India

Leisure, culture and entertainment

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The Indian Media & Entertainment (M&E) is the sunrise sector of the country’s economy and is making tremendous growth strides. Media is consumed by audience across demographics and various avenues such as television, films, out of home (OOH), radio, animation and visual effect (VFX), music, gaming, digital advertising, and print.
The M&E sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.9% to touch Rs 2.42 trillion by 2021.
The Foreign Direct Investment (FDI) inflows in the Information and Broadcasting (I&B) sector (including Print Media) in the period April 2000 – March 2017 stood at US$ 6.49 billion, as per data released by Department of Industrial Policy and Promotion (DIPP).

The Indian Media and Entertainment industry is on an impressive growth path. The industry is expected to grow at a much faster rate than the global average rate. TV advertising sector is expected to grow at a CAGR of 11.1% during 2016-21. Cinema in India is estimated to grow at 10.4%. Internet video sector is expected to grow at a CAGR of 22.4%. TV subscription will grow at CAGR of 11.6%.

Also, in the recent years, the widespread use of smartphones powered by 3G and 4G network and data services have led to a tremendous increase in the revenue count of the leisure and entertainment department.

Statistics reveal that the video gaming industry has also grown with a record of 22.4% in 2014. The net worth rose to somewhat US$ 392 million. The present value of the India animation industry was at US$ 748 million, and this gave rise to a growth of 15 to 20%, on an annual basis.

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