Development of Indian media&entertainment industry

According to a report by FICCI, the Indian media & entertainment industry will grow at a compound annual rate of 13% over the next 5 years, reaching a value of 30 billion euros (1,901 billion rupees).

Below are some indications on the development of the main segments:

• games and video games: this is the segment with the highest growth rate (+32%) and will reach a value of 492 million euros (32 billion rupees) by 2014;
• TV: despite the global crisis, the segment grew by 6.8% in 2009;
• films: the segment contracted by 14% in 2009, but is expected to grow by 9% over the next 5 years to a value of 2.1 billion euros (137 billion rupees);
• press: the sector has shown moderate growth (+2%) in recent years, but will reach a value of 4.1 billion euros (269 billion rupees);
• radio: the sector has been significantly affected by the recession. However, a growth of 16% is expected between 2010 and 2014, for a final value of 252 million euros (16.4 billion rupees);
• music: the segment has an estimated size of 127.7 million (8.3 billion rupees) and will grow at a rate of 16% until it reaches (17.2 billion rupees).

These data show how Italian companies operating in this sector can find great opportunities to make themselves known in India. Let yourself be found in the Indian media & entertainment sector: contact us and tell us about your internationalization project. One of our expert internationalization consultants will study with you the best path to become the next Italian company operating in Indian media & entertainment through FDI or Joint Venture. Contact us by clicking on the button below. The first consultation is free: don't waste any more time and build your competitive advantage.

Source: The Indian Express

READ ALSO:

The success of Italian companies in India

Internationalizing your business abroad: strategic choice or opportunity?

Digital Export Manager (DEM): internationalization in a digital context