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Mar 08, 2013
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Media & entertainment industry to grow at 11.8% in 2013 : report
The Indian media and entertainment (M&E) industry is estimated to grow 11.8% this year to Rs. 91,700 crore thanks to digitization, continued growth of regional media, upcoming elections, the persisting strength of the movie business and the fast expanding new media segment offsetting the effects of a slowing economy.But this still is slower than the industry’s 12.6% growth to Rs.82,000 crore in 2012, according to highlights of the latest report on the sector by the Federation of Indian Chambers of Commerce and Industry (Ficci) lobby group and consultancy KPMG.Growth in 2012 was muted by advertising revenue growth slowing dramatically on account of the slump in the economy, which is set to expand at its slowest in a decade for the year ending March.
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http://www.livemint.com
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