Titled ‘Taking part in by new guidelines’, the report stated that with its present trajectory, the M&E sector in India is anticipated to succeed in ₹2.23 lakh crore ($30.6 billion) by 2023 at a CAGR of 17 per cent.
In 2020 whereas the tv continued to stay the biggest phase,
Digital media and on-line gaming have been the one segments that grew in 2020 including an mixture of ₹2,600 crore. Different segments have de-grown by an mixture of ₹46,700 billion.
Dilip Chenoy, Secretary Normal FICCI, stated that although the media and leisure sector has been largely impacted by the pandemic, the optimistic information is that the digital subscription has grown by 49 per cent and the net gaming trade has grown by 18 p.c. He additional talked about that completely different sectors of the media and leisure trade will take completely different time to get better and this makes the report extra essential.
Ashish Pherwani, Associate and Media & Leisure Chief, EY India, stated the M&E sector witnessed a shift in demand patterns as shoppers actively sought alternate options and had the time to strive new issues.
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