India’s media and entertainment industry is poised to double in size by 2017, according to a report put out by FICCI-KPMG, which was released at the inaugural ceremony of FICCI Frames 2013, said that the industry, whose current size is estimated at Rs 91,700 crores, is expected to touch Rs 1,66,000 crores by 2017.
FICCI says television continues to be the dominant segment of the sector although new media like animation, visual effects, gaming and digital advertising are expected to post strong double-digit growth during the next five years.
