MUMBAI – India’s film and TV industries contribute $8.1 billion of added value to the country’s economy and support 1.8 million jobs, according to a new study.
Compiled by Deloitte, the report measures direct and indirect contributions from the two sectors.
With TV roughly five times larger than film, the two sectors are worth $5.33 billion of direct contribution and employ 667, 000. That is equivalent to 0,39 % of India’s gross domestic product. When indirect contributions are included that expands to 0.5% of GDP.
Gross added value has risen by 15% since the previous report in 2009.
“This report is a timely reminder that the Government needs to address key industry growth drivers and challenges which include infrastructure development, facilitating faster clearances for foreign and Indian film productions and building a robust regulatory environment to deter piracy,” said Ravi Kottarakara, president of the Film Federation of India
The report was presented at the FICCI-Frames convention in Mumbai on Wednesday by Motion Picture Dist. Association (MPDA), India, in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) and local screen associations: The Film and Television Producers Guild of India (FTPGI) and the FFI.