Sep 16, 2012

India to earn USD 5b per year from film industry by 2014

Film Industry plays an important role in Indian Economy. The Indian film industry is the largest in the world, with more than 1,000 films produced every year in more than 20 languages. 

The Indian film industry is projected to grow from US$3.2 billion in 2010 to US$5 billion by 2014 at a CAGR of 14.1%. Growth is expected to come from the expansion of multiplexes in smaller cities, investments by foreign studios in domestic and regional productions, the growing popularity of niche movies
and the emergence of digital and ancillary revenue streams.

With 3.3 billion tickets sold annually, India also has the highest number of theater admissions. The Indian film market derives almost 90% of its revenue from non-English language movies, largely dominated by Hindi films, followed by South Indian films and other regional films.

Latest key indicators of Indian Economy:

Indian GDP Amount: (US$b) 1,540
GDP growth (% change from 2009): 8.3%
GDP per capita : (US$) 3,400
Urbanization: 30%
Literacy rate: 74%
Population: (millions) 1,210
Median age: (years) 26.2
Working population between 15—64: (% of population) 64%
Advertising expenditure to GDP ratio: 0.40
TV households: (% of total households) 57%
Internet users: (% of total population) 7%
Broadband subscribers: (% of total population) 1%
Mobile subscribers: (% of total population) 62%

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