Development of the Indian media&entertainment industry

According to a report by FICCI, India’s media and entertainment industry is expected to grow at a compound annual growth rate of 13.1% over the next five years, reaching a value of 30 billion euros (1.901 trillion rupees).

Following are some indications of the development of the main segments:

• games and video games: this is the fastest-growing segment (+321% Q3) and is projected to reach a value of 492 million euros (32 billion rupees) by 2014;
• TV: Despite the global crisis, the segment grew by 6.81% in the third quarter of 2009;
• films: the segment contracted 14% in 2009, but is expected to grow 9% over the next five years to a value of 2.1 billion euros (137 billion rupees);
• Printing: The sector has shown moderate growth (+21% YoY) in recent years, but is expected to reach a value of 4.1 billion euros (269 billion rupees);
• Radio: The sector has been significantly affected by the recession. However, growth of 16% is projected between 2010 and 2014, reaching a final value of 252 million euros (16.4 billion rupees);
• Music: The segment is estimated to be worth 127.7 million euros (8.3 billion rupees) and is projected to grow at a rate of 16.1% per year until it reaches 17.2 billion rupees.

This data highlights how Italian companies operating in this sector can find great opportunities to gain recognition in India. Get yourself noticed in the Indian media & entertainment sector too: contact us and tell us about your internationalization project. One of our expert internationalization consultants will work with you to study the best path to becoming the next Italian company operating in the Indian media & entertainment sector through FDI or Joint Ventures. Contact us by clicking the button below. The first consultation is free: don't waste any more time and build your competitive advantage.

Source: The Indian Express

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