India’s Media & Entertainment Industry to Touch ₹2.66 trillion by 2022-23

The Indian media and entertainment industry is on the road to recovery after facing headwinds due to major regulatory interventions such as demonetisation, GST and real estate regulatory authority, resulting in lower consumption and advertising spends during FY18. Strong and consistent economic growth fuelled by a rise in consumption and growth in digitisation has enabled the sector to grow at 11% over FY17 to reach ₹1,436 billion in FY18, says a report by KPMG. The long-term outlook remains strong on the back of a buoyant economy, robust domestic demand, particularly in rural and regional markets and growing digital access and consumption, it added.

Telecom, Media and Technology convergence is now a reality and will likely cause significant disruptions across the value chain

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