BANGALORE: India in the recent years witnessed a significant growth in the media and entertainment businesses of the country. As the EY Capital Confidence Barometre reports are out, it brings us good news. For the first time in the history the Indian media & entertainment industries have made it to the top five by ranking 4th behind U.S., UK and China, reports Pritha Mitra Dasgupta from Economic Times.
After the Government launched the Digital India campaign, there are a lot of FDIs flowing into the country. Although most of the emerging markets are not being able to find much of potential investors, India is favored by the investors as the Government’s given the continuous efforts and a growing economy that continue to support the system.
The EY reports estimated India’s M & E Industry as of $20 billion worth and even stated it is growing at 15 percent per year. The report also added that the industry is likely to grow double the worth within a short span of five years. Even though India is ranked as the second largest internet market after China, the digital content consumption is currently below that of China’s. But it is expected to grow over $1 billion value by 2016 as more broadband adoption is expected with the roll out of 4G services.
Star India, Videocon d2h, merger of Prime Focus and Reliance Media works, Carnival Films and PVR emerged as the top five dealers by earning $ 417 million, $ 273.4 million, $166.5 million, $11.8 million and $78.1 million respectively.
Read More: 10 Unique Business Ideas For 2016
61 Percent Defence Contracts in 2014-15 Went To Indian Vendors: Govt
Magazine : 
.jpg "PMP Institutes")