The Indian entertainment industry has outperformed the economy and is one of the fastest growing sectors. But there are still some issues that need to be addressed to further boost the growth of the sector.After the far-fetched success of information technology and biotechnology, the Indian entertainment industry is all set to boom in the coming years. Be it the changing distribution scenario, consolidations within the industry and segments, technological innovations or changes in regulatory environment, all are contributing to the growth of the sector.

Even the macroeconomic factors like the country's GDP growth rate, demographic changes and Indian diaspora are spurring the trend. There is immense potential that needs to be tapped to make the Indian entertainment industry at par with its global counterparts. So, how much will this sector contribute to the development of the economy and make India shine brighter?

As per the study conducted by FICCI (Federation of Indian Chambers of Commerce and Industry) and Ernst & Young on "The Indian Entertainment IndustryEmerging Trends and Opportunities", the Indian entertainment industry grew by 15% to Rs. 19,200 cr in 2003, and is poised for high growth in the coming years. The sector is expected to record 17% compound annual growth to reach a revenue level of Rs. 42,300 cr by 2008. The remarkable performance of the sector is the result of an increase in TV viewership and improved realizations from subscriptions.

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