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Indian Film Industry likely to grow at 18 per cent
New Delhi: August 16, 2004

Rajya Sabha

According to the Report of Federation of Indian Chambers of Commerce and Industry (FICCI) on the Indian Entertainment Industry brought out in 2004, the film industry in India is expected to grow at a compounded annual growth rate of 18 per cent to gross Rs. 10,100 crores by the year 2008. Gross industry revenues over a period of 1999 to 2001 have also recorded an increase. The industry recorded a loss in 2002. However, the total revenues of the industry increased to Rs. 4500 crores in 2003. According to the FICCI report, the Indian Diaspora across Europe, Africa, the Middle East, Latin America and North America is conservatively estimated at 20 million. The underlying potential of the film industry to earn foreign exchange is linked to the effective reach of Indian films to these viewers, as also its visibility in global markets.

According to information received from the Film Federation of Indian (FFI), year-wise break-up of foreign exchange earned by the film industry during the last three years is as follows:

Year - Amount (Rs. in crores)
2000-2001 - 450
2001-2002 - 900
2002-2003 - 1040

This information was given by Minister of Information & Broadcasting, Shri S. Jaipal Reddy in written reply to a question in Rajya Sabha today.

Press Release: PIB
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