DelhiDesk The Indian media and entertainment industry is expected to grow at 11.5% in 2023, reaching INR 2.34 trillion ($29.2 billion) and then grow at a compounded annual rate of 10% to reach INR 2.83 trillion ($35.4 billion) by 2025, according to a report by Ficci and consulting firm EY. The report suggests that all segments, except for TV subscriptions, experienced growth in 2022, with digital media leading the pack with a growth of INR 132 billion. The report also indicates that policymakers are asking for a single national policy for the media and entertainment sector that captures the industry’s aspirations and brings greater clarity for the industry and regulators going forward.
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👉 The Appointments Committee of the Cabinet has approved the extension of Vikram Sahay as joint secretary of the information and broadcasting ministry for a period of two years.
👉 The Indian media and entertainment industry is expected to grow at 11.5% in 2023 and then at a compounded annual growth rate of 10% to hit $35.4 billion by 2025.
👉 All M&E segments, except for TV subscriptions, experienced growth in 2022, with digital media leading the pack.
👉 Policymakers are calling for a single national policy for the media and entertainment sector which is coherent, captures the industry’s aspirations, and brings in greater clarity for the industry and regulators.
👉 The government believes in light-touch regulation and acting as a facilitator for the M&E sector.
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