Despite economic headwinds, caused by both local and global factors, India’s media and entertainment (M&E) sector grew by 12.8 percent in 2015, amounting to 1.157 trillion rupees ($17.45 billion), up from 1.026 trillion rupees in 2014, according to a report released Wednesday by KPMG and Federation of Indian Chambers of Commerce and Industry. The report also forecast the sector to see a compound annual growth rate (CAGR) of 14.3 percent for the next five years, with revenues of over 2.26 trillion rupees by 2020.
