Indian media industry to grow at 10.6%, exceed Rs 2,91,000 cr by 2021: PwC

Source: Business Standard, June 07, 2017

Mumbai: The Indian media and entertainment industry is expected to grow much faster than the global M&E industry according to the PwC’s 2017 Global E&M Outlook. The report pegs the global entertainment and media industry to clock 4.2 per cent CAGR from 2016-21 while India is expected to grow at 10.6 per cent. The Indian M&E industry is expected to exceed Rs 291,000 crore by 2021.

The key takeaways from the report are in line with major industry trends: TV advertising will continue to command a huge share of the advertising pie, though internet advertising will emerge as the fastest growing advertising platform. Also in line with current trends, the report predicts India to be among the largest and fastest growing newspaper markets in the world, owing to the popularity of vernacular publications, and increasing literacy rates.

Growth forecast: India vs Global for 2016-21
Sector India CAGR (%) Global CAGR (%)
TV Advertising 11.1 2.8
Cinema 10.4 4.4
Internet Advertising 18.6 9.8
Newspapers 1.1 -2.7
Internet video 22.4 11.6
TV subscription 11.6 1.3
Total M&E* 10.6 4.2
Source: PwC’s 2017 Global E&M Outlook *Total M&E not a sum of sectors listed. Radio, books, magazines, music, gaming also considered in total revenue

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India, Spain sign 7 agreements, decide to widen defence ties

index.jpgSource: The Economic Times, Jun 01, 2017

NEW DELHI: India and Spain on Wednesday decided to widen defence partnership, conclude a civil nuclear deal and share best practices to jointly fight terror.

In the first PM-level visit to Spain in three decades, PM Modi and his Spanish counterpart Mariano Rajoy held talks to strengthen strategic partnership amid signing of seven agreements, including on cyber security and transfer of sentenced persons. The intent to upgrade bilateral ties was evident when Modi said India was “committed to take ties to a new level”.

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India’s strong growth offers opportunities for Spanish firms: PM Narendra Modi

indexSource : Economic Times 2 June 2017

MADRID: It is a great time for Spanish firms to invest in India whose strong economic growth offers “many opportunities” for them in fields of infrastructure, defence, tourism and energy, Prime Minister Narendra Modi said today.

Modi, the first Indian prime minister to visit Spain since 1992, said India and Spain maintain close and cordial relations and he sees great potential in this collaboration.

“The strong economic growth of India offers many opportunities for Spanish companies,” Modi told Spanish daily Expansion in an interview.

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India waiting with open arms for German investments: Prime Minister Narendra Modi

index.jpgsource : Economic Times 31 May 2017

BERLIN: Prime Minister Narendra Modi today called on “more and more German companies” to invest in India even as the speedy conclusion of an India-EU free trade agreement (FTA) was the focus on the German side.

Highlighting the huge potential that remains untapped in the economic partnership during his inaugural address at the Indo-German Business Summit here, Modi said India will welcome German companies with open arms.

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Boost to India’s renewables plan: China steps-up investment in solar energy

index.jpgSource: Business Standard, May 18, 2017

New Delhi: India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants.

This fact of slowdown came to light in a just-released report of the Global Environmental Institute (GEI) which says China’s overseas investment, including in India, into 240 coal power plants along the Belt and Road Initiative has slowed down in 2016 after the Paris Agreement on Climate Change.

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Warren Buffett says India’s potential is incredible, open to investing

download (3).jpgSource : Financial Express 8 May 2017

Berkshire Hathaway Inc chairman said India is a huge and enormous market for anyone to ignore.Legendary investor Warren Buffett has said that potential for India is incredible currently and he will invest in good businesses in the country. He said this while giving an interview to ET Now after Berkshire Hathaway’s annual general meeting. He further added India is a huge and enormous market for anyone to ignore. Emphasising on investing in good companies, Buffett made it clear that he will buy a company in India which is a good value company and is on sale. Buffet, who was all gung-ho about India, said that India has a terrific future due to the brain power it has and future generations in India will live better than the current.

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GST to push Indian growth to over eight per cent: IMF

indexSource: Financial Express, Apr 28, 2017

Washington: The ambitious Goods and Services Tax to be implemented from July 1 would help raise India’s medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future. “The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward,” Tao Zhang, Deputy Managing Director of the International Monetary Fund, told PTI in an exclusive interview.

“We expect that the goods and services tax (GST), which is targeted to be applied starting in July, will help raise India’s medium-term growth to above 8 per cent, as it will enhance production and the movement of goods and services across Indian states,” the IMF official said.

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