Indian media market to boom

World Brief

The Indian media market is forecast to grow by 85% over the next five years. According to a new study by consultancy group Heernet Ventures, sector will expand from 415 billion rupees ($9.39 billion) this year to $17.3 billion in 2012.

Fastest growing media are predicted to be pay TV, with 17% compound annual growth over the next five years, and online, with 29% growth forecast.

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