INDIA'S ANIMATION INDUSTRY FUTURE AND GROWTH India...

INDIA'S ANIMATION INDUSTRY FUTURE AND GROWTH

India's animation and VFX industry was valued at around 53 billion Indian rupees in 2020, with estimates of growth up to 129 billion rupees by 2023. This was a compound annual growth rate of around 35 percent for the industry in the measured time period.
India's media and entertainment industry was valued at over 1.7 trillion Indian rupees in financial year 2020. The industry was expected to be negatively impacted by the pandemic, with an estimated 20 percent decrease in revenues the following year. Television accounted for the highest share of this industry, with digital and OTT markets, along with print following.
According to the FICCI-EY report 2021, the media and entertainment business is estimated to grow 25% to reach INR 1.73 trillion (US$ 23.29 billion) in 2021.
According to an EY report, the Indian media and entertainment (M&E) sector stood at Rs. 1.38 trillion (~US$ 19 billion) in 2020 and is estimated at Rs. 1.73 trillion (~US$ 23.7 billion) in 2021. Further, it is projected to grow to Rs. 2.23 trillion (~US$ 30.6 billion) by 2023 due to acceleration of digital adoption among users across geographies.