Indian entertainment industry to grow over 16 percent a year

Mumbai, March 25 (IANS) Indian entertainment and media (E&M) industry is poised to grow at an annual rate of 16.7 percent by 2011, faster than its counterparts in Brazil, Russia and China, according to a report.

In the other BRIC (Brazil, Russia, China, India) countries, the E&M industry is expected to grow at an annual rate of 13 percent in China, 8.3 percent in Russia and 7.7 percent in Brazil, said the report by Federation of Indian Chambers of Commerce and Industry of India (Ficci) and PricewaterhouseCoopers (PWC) released here Tuesday at Ficci-Frames 2008.

Ficci-Frames 2008 is a global annual forum on the business aspects of the entertainment and media in