Media and leisure {industry} more likely to develop 25% in 2021: FICCI-EY

Media and leisure {industry} more likely to develop 25% in 2021: FICCI-EY

After a tricky calendar yr 2020, the home media and leisure {industry} is ready to rebound in 2021, consultancy agency EY stated on Friday. The observations had been made in its annual examine on the sector, launched along side the Federation of Indian Chambers of Commerce & Trade (FICCI).


The media {industry} would develop 25 per cent this yr to achieve Rs 1.73 trillion, overlaying up for the loss suffered in 2020, when the market shrank 24 per cent as a result of disruptions induced by the Covid-19 pandemic.



The market, EY stated, would cross the Rs 2.2-trillion-mark by 2023, rising at a compounded annual development fee of 17 per cent.


TV remained the most important section, whereas the digital media had overtaken print, and on-line gaming had overtaken movie leisure, the examine stated.


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