The Indian media & entertainment sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.9 per cent year-on-year to reach Rs 196,400 crore (US$ 28.82 billion) by 2019.
In 2015, the Indian Media and Entertainment industry grew 11.7 per cent over 2014. The largest segment, India’s television industry, is expected to maintain its strong growth momentum led by subscription revenues, representing a year-on-year growth of about 13.2 per cent to reach Rs 60,000 crore (US$ 8.8 billion) in 2015.
With the increased penetration of smart-phones and expansion of 3G/4G network in India, the country saw around nine billion mobile application (apps) downloads during 2015, which is five times more than 1.56 billion in 2012. This increase in app-downloads is also expected to increase the revenue from paid apps to an estimated over US$ 241.16 million as against US$ 144.7 million in 2014.
Industry estimates reveal that video games industry grew at a record 22.4 per cent when compared to the previous year in wherein its net worth rose to US$ 392 million. The Indian animation industry was valued at US$ 748 million in 2015 and is forecasted to grow at 15-20 per cent per annum.
The Foreign Direct Investment (FDI) inflows in the information and broadcasting (I&B) sector (including print media) in the period April 2000 – December 2015 stood at US$ 4.55billion, as per data released by Department of Industrial Policy and Promotion (DIPP).