Indian Media and Entertainment Industry likely to reach $100 bn by 2030

Apurva Chandra, Secretary, Ministry of Information and Broadcasting (MIB), on Friday said that Media and Entertainment Industry in India is one of the fastest-growing media industry in the world. He also informed that the media industry by the year 2030 is expected to reach $100 bn. Mr. Chandra while inaugurating the Media and Entertainment Week at Dubai Expo's India Pavilion, informed that Currently the media and entertainment industry in India is valued at $28 billion and India has the skill sets and talents required to take this industry to new heights. Mr. Chandra said: 'Collaborating for Animation, Visual Effects, Gaming, and Comics (AVGC) content creation with India, the Indian media and entertainment industry is one of the fastest-growing and the most visible in the world. The Indian media and entertainment industry is valued at $28 billion and is projected to reach $100 billion by 2030, growing at a cumulative growth rate of 12 percent. India has the talent and creative skill required in the industry.'' He also told that the Ministry of Information and Broadcasting will be establishing AVGC task force that will be formulating AVGC policies for further growth of the Indian Media and Entertainment industry.