The Indian media and entertainment (M&E) industry is full of potential and has a tremendous impact on the country's economy. As per a FICCI–KPMG report, India's M&E industry reaches 161 million TV households; 94,067 newspapers; about 2000 multiplexes; and 214 million internet users, of which 130 million access the Internet on their mobile phones.
India's M&E industry registered a growth of 12 per cent in 2013 and touched Rs 91,800 crore (US$ 15.27 billion). The industry has the potential to grow at 14.2 per cent to more than Rs 1.78 trillion (US$ 29.61 billion) in the next four years, as per a report by FICCI–KPMG.
The foreign direct investment (FDI) inflows in information and broadcasting (I&B) sector (including print media) during April 2000 to March 2014 stood at US$ 3,712.72 million, as per the data released by Department of Industrial Policy and Promotion (DIPP).