IndianMascot
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India's media & entertainment industry grew 12 percent and touched Rs 92,800 crore in 2013, according to a Ficci-KPMG report.
The advertising revenues of mass media like television and newspapers were hit mainly on account of economic slowdown and depreciation in the rupee, affecting the fortunes of print, cable and DTH companies.
The Print sector grew at a CAGR of 8.5 percent in 2013 to reach Rs 24,300 crore, the report found. However, this was countered by the impact of continued digitisation of media products and services, and growth in the regional media domain.
"2013 has been an extraordinary year for the media and entertainment sector - a year of challenges and significant change which saw the industry dealing with a host of issues," Chairman of FICCI M&E committee Uday Shankar said.
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