CII gave the opinion that Indian Media and Entertainment industry has the potential to reach $100 billion by 2025.
The media and entertainment industry in India consists of different segments: television, print, and films. It also includes smaller segments like radio, music, OOH, animation, gaming and visual effects (VFX) and Internet advertising.Now, there are more than 400 active channels in the country.
And as per the combined survey report by KMPG and FICCI, the entertainment industry in India is expected to reach US$20.09 billion by the year 2013. The industry was pegged at INR 5808 billion in 2009 as compared to INR 3565 billion in 2005. The Indian Media & Entertainment Industry grew from US$12.9 billion in 2009 to US$14.4 billion in 2010, according to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and research firm KPMG. The report also states that the industry is estimated in 2011 to touch US$16.2 billion. The sector is projected to grow at a CAGR of 14 percent to reach US$28.1 billion by 2015.