AD Agencies
This year next year ’26: Content-driven advertising is in steady decline, says WPP Media COO
One of several market trends outlined in WPP Media’s 2026 advertising outlook
MUMBAI: India’s advertising market is set to cross Rs 2 trillion in 2026, expanding 9.7 per cent year-on-year, as commerce-led and AI-powered formats accelerate a structural shift away from traditional content-driven advertising, according to WPP Media South Asia chief operating officer Ashwin Padmanabhan.
Speaking on the industry outlook, Padmanabhan opined India exited 2025 with advertising spends of around Rs 1.84 trillion, reflecting 9.2 per cent growth over the previous year. The market is forecast to expand a further 9.7 per cent in 2026, adding nearly Rs 17,800 crore in incremental advertising expenditure and taking total spends beyond Rs 2 trillion for the first time.
Advertising in India currently accounts for roughly 0.5 per cent of GDP, a level materially below mature markets such as the UK (about 1.5 per cent), the US (around 1.4 per cent) and China (approximately 1.1 per cent).
Padmanabhan argued this gap highlights the long runway for growth, particularly as India’s per capita GDP, now estimated at roughly $2,800, moves closer to the $4,000 threshold, historically associated with a sharp rise in advertising intensity.
Traditional media sees slower growth
By contrast, growth in traditional content-driven formats is expected to moderate. Television advertising, including linear TV and digital extensions such as connected TV, is forecast to grow 3.1 per cent in 2026. Print advertising, defined to include newspapers, magazines and their digital platforms, is expected to expand 4.4 per cent, reflecting relative stability after several years of decline. Audio advertising is projected to grow a modest 1.5 per cent.
As a result, content-driven advertising, which accounted for more than 90 per cent of total ad spends in 2010, is forecast to decline to about 70 per cent of the total market by 2026, down from roughly 72 per cent in 2025. This shift underscores the growing preference for formats tied more directly to commerce and data-driven outcomes.
Digitalisation reshapes ADex mix
Digital formats are expected to account for 68.1 per cent of total advertising spends in India in 2026, up steadily but still below the global average of nearly 83 per cent. This figure includes not only pure-play digital advertising but also the digital extensions of television, print, audio and out-of-home media.
Within digital, the fastest growth is expected in commerce-led advertising, forecast to rise nearly 24 per cent year-on-year. These formats, closely linked to transactions and conversions, are increasingly favoured by advertisers seeking higher accountability and measurable returns.
Closely following is intelligence-led advertising, encompassing traditional search as well as emerging AI-enabled search and discovery, projected to grow 8.8 per cent. Padmanabhan likened the intensifying competition among AI platforms to the early days of telecom, noting how consumer attention is now being contested by players such as Google, OpenAI, Anthropic and Perplexity.
Location-based advertising, including out-of-home, cinema, ambient media and their digital extensions, is forecast to grow 8.9 per cent, aided by improved measurement and increasing integration with mobile and commerce platforms.
Category drivers and sectoral trends
From a category perspective, Padmanabhan identified SMEs, technology, real estate, education and automotive as the primary growth engines. Together, these segments accounted for about 51 per cent of advertising volumes in 2025 and are forecast to grow at a robust 14 per cent in 2026.
Foundational sectors, including CPG, e-commerce, BFSI and retail, represented around 46 per cent of total ad spend in 2025 but are expected to grow at a slower 6 per cent pace next year. Durable services, which made up only 3 per cent of advertising volumes, are forecast to grow around 2 per cent.
Padmanabhan noted continued premiumisation within FMCG, aided by the rapid expansion of quick commerce, which has enabled faster go-to-market for higher-value products. Rural consumption trends remain closely tied to monsoon outcomes, while inflation in raw materials could influence pricing decisions across categories.
Auto, EVs and BFSI in focus
The automotive sector recorded a strong year, with vehicle registrations rising about 8 per cent, spanning personal vehicles, commercial vehicles and tractors, signalling resilience in both rural demand and overall economic activity. Electric vehicle (EV) adoption continues to rise, led by commercial vehicles and two-wheelers, which together account for the bulk of volumes. EVs represented about 4 per cent of personal vehicle sales and nearly 6 per cent of two-wheeler sales in 2025.
However, Padmanabhan cautioned that constraints related to rare-earth magnets, heavy earth materials and shortages of high-end semiconductors could affect the pace of EV and AI-enabled device adoption, potentially pushing up costs.
In BFSI, strong growth in personal loan portfolios, driven by spending on travel, consumer goods and mobile devices, has supported advertising demand. At the same time, declining savings and deposits could place pressure on banks’ lending capacity, posing a potential risk to medium-term growth.
Tier 2, Tier 3 markets and retail revival
E-commerce platforms saw their highest volumes during the 2025 festive season from Tier 2 and Tier 3 cities, signalling a shift beyond metro-centric growth. This trend is expected to persist, with deeper market penetration becoming critical for both e-commerce and quick commerce platforms.
Retail also staged a sharp revival in 2025 after more than three years of stagnation, supported by festive demand and new store launches. Padmanabhan said this momentum is likely to continue into 2026.
Overall, the Indian advertising market stands at an inflection point. Technology, commerce, and AI are reshaping how brands reach consumers, while ample headroom remains for growth as economic fundamentals strengthen.
AD Agencies
Abhay Duggal joins JioStar as director of Hindi GEC ad sales
The streaming giant brings in a seasoned revenue hand as the battle for Hindi television advertising heats up
MUMBAI: Abhay Duggal has a new desk, and JioStar has a new weapon. The media and entertainment veteran has joined JioStar as director of entertainment ad sales for Hindi general entertainment channels, adding 17 years of hard-won revenue experience to one of India’s most powerful broadcasting operations.
Duggal is no stranger to big portfolios or bruising markets. Before joining JioStar, he spent a brief stint at Republic World as deputy general manager and north regional head for ad sales. Before that, he put in three years at Enterr10 Television, where he ran the north region for Dangal TV and Dangal 2, two of India’s leading free-to-air Hindi channels. The north alone accounted for more than 50 per cent of total channel revenue on his watch, a number that tends to get attention in any sales meeting.
His longest stint was at Zee Entertainment Enterprises, where he spent over six years rising to associate director of sales. There he commanded the Hindi movies cluster across seven channels, owned more than half of north India’s revenue across flagship properties including Zee TV and &TV, and closed marquee sponsorships across the Indian Premier League, Zee Rishtey Awards and Dance India Dance. He also handled monetisation for the English movies and entertainment cluster and the global news channel WION, a portfolio that would stretch most sales teams twice his size.
Earlier in his career Duggal closed what was then a Rs 3 crore single deal at Reliance Broadcast Network, one of the largest in Indian radio at the time, before that he helped launch and monetise JAINHITS, India’s first HITS-based cable and satellite platform.
His edge, by his own account, lies in marrying data and instinct: translating audience trends, inventory signals and client demands into long-term partnerships built on cost-per-rating-point discipline rather than short-term deal chasing. In a media landscape being reshaped by streaming, fragmented attention and AI-driven advertising, that kind of rigour is increasingly rare and increasingly valuable.
JioStar, which blends the scale of Reliance’s Jio platform with the content firepower of Star, is doubling down on its advertising business at precisely the moment the Hindi GEC market is getting more competitive. Bringing in someone who has spent nearly two decades doing exactly this, across some of India’s most watched channels, is a pointed statement of intent. Duggal has spent his career turning audiences into revenue. JioStar is clearly betting he can do it again, and bigger.
