Transcription of Spotlight on India's entertainment economy - EY
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Spotlight on India's entertainment economy - EY
Spotlight on India's entertainment economy Seizing new growth opportunities India's entertainment economy is growing rapidly, and the world is taking note. The country is among the world's youngest nations, with more than half a billion people under the age of 25. With favorable demographics and a rise in disposable incomes, the propensity to spend on leisure and entertainment is growing faster than the economy itself. Enticed by economic liberalization and the huge volume of demand for leisure and entertainment , many of the global media giants have been present in the Foreword Indian market for more than two decades. However, in recent years, with near double-digit annual growth and a fast-growing middle class, there has been a renewed surge in investment in the country by global companies.
3 Spotlight on India’s entertainment economy Economy and demographics The Indian economy is on a path of robust growth, with annual growth in GDP over the last three years averaging 8.6%. 1 India’s GDP stood at US$1.54 trillion in 2010.2 The country remains …
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