Media & Entertainment Industry Trends, Technology and Research

Overview Indian Media and Entertainment Industry

Posted In M&E Industry - By Nitin Narang on Monday, April 8th, 2013 With No Comments »
KPMG - Indian Media and Entertainment Growth Forecast

Indian Media and Entertainment Growth Forecast (Source : KPMG)

India is the 14th largest Media & Entertainment market in the world with industry contributing to about 1% of India’s GDP.  Indian Media and Entertainment industry is anticipated to clock revenues worth 917 billion INR  (US$ 16.87 billion), growing 11.8 per cent in 2013 (up from 820 billion INR [US$ 15.09 billion] in 2012. It is among the fastest growing industries  and is set to grow robustly over the next few years in view of improving macro economic conditions, move to digitization, higher disposable incomes, rising spending power, role of foreign Direct investment and positive demographic indicators.

India is witnessing rising disposable incomes among working classes, business and agricultural sectors which coupled with macro-economic stability is bringing a paradigm shift in Indian  consumer’s lifestyles.  The  improvement in Lifestyle and standard of living has huge  importance to entertainment  avenues and growth of M&E industry.  The Indian M&E industry is the  fastest growing followed by China (14 per cent), Russia (12 per cent) and Brazil (11 per  cent) as it is projected to reach 1,764 billion INR (37.6 billion USD) by 2016, with a CAGR of about 17%1 from 2012 to 2016.

The future for Indian M&E industry is on a growth trajectory with several key initiatives like cable DAS roll-out, Phase 3 licensing for radio and 4G roll-out paving the industry for further expansion

About - Digital Media Technology Consultant. I have passion for TV technology, digital convergence and changing face of Media and Entertainment industry.