Indian film and TV business contributes $6.2bn to GDP
20 Mar 2010
New Delhi: The Indian film and television industry contributed $6.2 billion to India's GDP in the financial year 2008-09 while employing 1.8 million people according to a study prepared by PricewaterhouseCoopers, which was issued Friday in New Delhi.
The report, "Economic contribution of Indian film and TV industry" was commissioned by the Mumbai-based Motion Picture Distributors Association (India), which represents the Motion Picture Association of America (MPAA) in India.
Prepared by PricewaterhouseCoopers India the report measures the economic impact of the film and television industry and their overall economic contribution.
According to the report, the film industry contributed $1.5 billion to the Indian economy, which includes the $67 million contribution of the American and international film industry. The total gross output, which includes total revenue from various streams such as theatrical, home video, etc., of the US and foreign film industry in India is estimated at $180 million.
The report estimates overall Indian box-office collections at $1.8 billion and says this is projected to grow at a compounded annual growth rate (CAGR) of 10% to touch $2.8 billion by 2013.
The contribution of the television industry has been valued at $4.6 billion. The TV industry is projected to grow at a CAGR of 11.4%, to touch $9.2 billion by 2013.