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Indian M&E sector to touch three trillion in 2025: FICCI-EY Report
Mumbai: Ministry of Information & Broadcasting & Govt of India Secretary Apurva Chandra, has shared that the government is working to soon bring an Animation, Visual Effects, Gaming and Comic (AVGC) policy and create an AVGC Mission.
Addressing the 23rd edition of FICCI FRAMES, Chandra said, “Animation, visual effects and graphics are areas which have tremendous potential. With the establishment of the AVGC Task Force and the creation of a national policy for AVGC, India will be well on its way to becoming a global leader in the AVGC industry.”
Highlighting the untapped potential of the Indian Media and Entertainment industry, the Secretary asserted, “There is still a world left to be captured by the Indian Media and Entertainment industry. The world is interested in Indian stories and Indian culture.”
He further assured the industry of support from the government and stated, “The government would like to be facilitators and supporters of the media and entertainment industry so that it reaches the world stage. We would like to work with the industry to set up more and more institutes so that more manpower comes on board in the industry.”
Chandra added that the government is in the works to set up a National Centre for Excellence operational in Mumbai by next year.
Underlining the role of National Film Development Corporation of India (NFDC), Chandra said, “Through NFDC we need to finance projects and give support to young film-makers who don’t have access to funds otherwise. We plan to come up with NFDC’s own OTT as a platform to showcase those films that don’t get space in the market so that young talent gets a chance to showcase its talent.”
Commenting on the Cinematograph Act, the Secretary said, “The Cabinet has recently approved the revamp of the Cinematograph Act so that strict actions can be taken against piracy. The act is likely to be introduced in the Monsoon Session of the Parliament. We hope to get it passed soon.”
“This (Cinematograph Act) will give direct powers to the government to take action against websites showing pirated films,” shared the secretary.
Telecom Regulatory Authority of India (TRAI) chairman Dr PD Vaghela said, “With the way technology is changing and the way new players are coming, we must ensure a level playing field for all. We should not impose regulations or restrictions on the new players; less regulation is the best regulation.”
FICCI president Subhrakant Panda said, “Media & Entertainment industry in India is growing at a CAGR of 10.5 per cent and is expected to reach Rs 2.86 trillion in 2025, underscoring both its importance and resilience. Internet access even in remote areas, low cost of data and smartphone penetration has contributed to the growth of digital media.”
Panda further stated, “Given the rapidly changing landscape, industry participants must be agile and respond to evolving trends. Conductive policies have led to M&E becoming an integral part of the economy, it’s not just in terms of creativity and entertainment, but also job creation. FICCI is committed to working with all stakeholders for the growth of the Indian M&E industry and supporting its global ambitions.”
Viacom 18 media & president – Media & Content Business & FICCI M&E Committee CEO Jyoti Deshpande said, “With disruptions and an imminent equally disruptive entertainment launch, a digital-forward economy has already seen content and data consumption levels reach monumental proportions by global standards. Indians now consume nearly 20GB data per month on an average, No. 1 in the world already, and expected to reach 46 GB by 2027.”
“The proliferation of Smartphones, Connected TV, advent of 5G and affordable data rates all contribute to the fulfilment of the Digital India dream. Propelled by double digit growth, by 2025 we are set to become a Rs 2.86 trillion industry,” added Ms Deshpande.
Highlighting the global recognition of the Indian film industry, actor Ayushmann Khurana said, “The more local we go, the more global we reach. Our film industry is at the cusp of global greatness. India is now being looked at as a creative juggernaut and our industry is being welcomed globally.”
FICCI Secretary General Shailesh K Pathak said, “The art of storytelling that Indians across the country have is amazing. In 2030, when India will be the 3rd largest economy, our Media & Entertainment sector will be one of the largest in the world.”
FICCI-EY report titled ‘Windows of opportunity – India’s media & entertainment sector maximizing across segments’ was also launched at the FICCI FRAMES 2023. Sharing salient outcomes of the report, EY India partner – media & entertainment Ashish Pherwani stated, “The Indian M&E consumer base is large but heterogenous, hungry for content but willing to pay only for value, and more than ready to experiment with technology, be it streaming, digital payments, online education, virtual experiences, e-commerce, social media, or gaming. The diverse consumer base, coupled with favorable macroeconomic and demographic factors, have translated into a very exciting time for the sector.”
Highlights of the FICCI-EY Report:
- Indian M&E sector grew 20 per cent in 2022, touching the highest ever mark of Rs two trillion
- It is expected to grow a further Rs 734 billion to reach Rs 2.83 trillion in 2025
- Advertising grew 19 per cent and crossed Rs one trillion for the first time
- Digital media grew by INR132 billion to reach Rs 571 billion, and now comprises 27 per cent of the Indian M&E sector and 48 per cent of all advertising revenues
- Except for TV subscription, all M&E segments grew in 2022
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
