India’s media and entertainment (M&E) industry is entering a new era of growth. According to the latest report by EY and the Ministry of Information and Broadcasting, the sector is expected to reach $29.4 billion in 2024, with a projected growth rate of 7% annually. By 2027, it’s set to cross $36 billion, marking India as a leading player in the global entertainment space.
Key Insights:
- Digital Growth: The surge is driven by an expanding digital infrastructure and a strong presence of international platforms like Netflix and Prime Video.
- Creative Hub: India’s rich diversity, combined with a robust talent pool and cost-effective production, makes it a magnet for international investments.
Key Takeaway:
India’s M&E sector is on the rise, offering tremendous opportunities for investors, creators, and platforms. With its rapid growth, now is the time to capitalize on the booming Indian content market!