Entertainment Industry in India is composed of film industry and television industry. The Indian entertainment industry is among the fastest growing sectors in the country. In the past two decades, the entertainment industry in India has experienced explosive growth. In television alone, from a single state-owned television network Doordarshan in 1991, there are currently over 300 national, regional and local channels are beamed across the country. Indian film industry is the largest film industry in the world, producing on an average, close to a thousand movies a year in all languages. With regard to India's film exceeds Hollywood's production by more than three-fold. Some of the fastest growing segments in the Indian entertainment industry including music, cable and satellite television, animation and FM.
According to an estimate by FICCI and Ernst & Young Indian entertainment industry would be worth more than Rs. 400.000 million in the 2008th Several positive developments, which in the 'industry' status to the film industry, satellite channel penetration, retail boom in the various channels for the sale of music (Music World & Planet M), using digital technology in all spheres of entertainment and the growth of multiplexes has contributed to growth in this sector.
Entertainment industry in India is currently in a consolidation phase, as the border lines between movies, music and television are fast disappearing. Skills and resources are becoming global scale. Besides adaptation to high-end digital technology, the entertainment industry also witnessed a rapid development of state-of-the-art studios and post production facilities.
With regard to employment, an estimated 6 million people earn their livelihood from the entertainment industry, and the figure is ready to grow. Entertainment industry in India is expected to be one of the main economic drivers in the country. In India, television is the biggest part of the entertainment industry. Currently, India has the third largest television market in the world behind only China and USA. Today, television reaches about one hundred million Indian households. India has the world's largest film industry in terms of number of films produced. Currently, the technology of film production in India is perhaps the best among all developing countries. Indian film industry is now increasingly getting professional and a lot of production houses like Yash Raj Productions, Dharma Productions, Mukta Arts, etc. are now working on corporate lines.
The popularity of Indian entertainment industry extends far beyond the geographical borders of the country. Indian TV channels and movies seen and enjoyed throughout South Asia.Throughout the Middle East, large parts of Southeast Asia and Africa, expatriate populations ensure that the Indian TV channels and movies are a regular part of their entertainment bouquet.In the United Kingdom and North America (U.S. and Canada), Indian television channels and films are increasingly gaining a foothold outside of posted pockets of the audience has begun to enjoy and identify with the modern Indian culture. A lot of Indian film stars are also getting good offers from Hollywood.
Outlook for the Indian entertainment industry seems to be very good. As India's rising profile on the global stage without interest in Indian culture and entertainment industry is also bound to grow.
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