New Delhi: The Indian entertainment and media
industry is likely to grow at a rate of over 11 percent and
reach Rs 93,200 crore by 2013, a joint study by Assocham and
PwC said here.
The current size of the domestic entertainment and media
industry is estimated at Rs 60,000 crore.
According to the study, the television industry is
projected to be the major contributor to overall industry
revenue pie.
"Indian entertainment and media industry is estimated to
grow at compounded annual growth rate (CAGR) of over 11 per
cent and reach Rs 932 billion (Rs 93,200 crore) by 2013
because of its prospects arising out of growing demand factor
for entertainment from large section of people," it said.
On the growth of film industry, it said the segment may
grow at about 12 percent over the next four years and would
touch Rs 18,500 crore from the present Rs 11,500 crore.
The study also said print media industry is projected to
grow by 5.6 percent by 2013 and touch Rs 21,300 crore from
the current level of Rs 16,500 crore.
"The relative shares of newspaper publishing and magazine
publishing are not expected to change significantly and are
expected to remain the same at around 87 percent in favour of
newspaper publishing," it added.
PTI
First Published: Sunday, December 06, 2009, 12:16