In 2007, the segment grew 69 per cent to Rs 270 crore from Rs 160 crore in the previous year. This was the highest growth compared with all other segments in the entertainment and media industry.
The growth projected in the study is on a small base, but both Ficci and PricewaterhouseCoopers are optimistic about the segment’s prospects going ahead.
The share of Internet in the overall advertising pie is projected to grow to 2.4 per cent in 2012 from 1.4 per cent in 2007.
By 2012, the Indian entertainment and media industry is projected to reach Rs 1.16 lakh crore from Rs 51,300 crore in 2007, an 18 per cent compounded annual growth rate.
Television is likely to be the major contributor to the overall industry revenue pie and it is estimated to grow at the rate of 22 per cent cumulatively over the next five years, from Rs 22,600 crore in 2007 to over Rs 60,000 crore by 2012.
Read the full news at The Telegraph
