Indian M&E industry to reach Rs 2.3 trillion mark by 2021: FICCI EY

MUMBAI: Indian media and entertainment (M&E) industry grew at a strong 13.4% in 2018, beating GDP growth rate, and reached Rs 1.67 trillion.

Increasing disposable income and economic growth and India having second highest number of internet users after China with ~570 million internet subscribers, have worked in the favour of the industry in 2018, and poised to reached Rs 2.35 trillion by 2021.

According to the FICCI-EY report, released during the annual M&E conclave here on Tuesday, digital and online gaming have seen the fastest growth, followed by live events and animation.

Traditional media including television, music, and films continued to show double digit growth.