Photo: Priyanka Parashar/MintThe Indian media and entertainment (M&E) industry is expected to double its revenue to reach Rs7.5-8 trillion by 2022 from an estimated Rs4.5 trillion in 2017, said a report published by consulting firm Boston Consulting Group (BCG) and lobby group Confederation of Indian Industry (CII). By 2022, total employment across the industry is expected to be 6-6.5 million from the estimated 3.5-4 million in 2017. The report highlighted that media and entertainment organizations need to rebuild their strategies to fit in the shifting digitally oriented landscape. The demand for talent and functional skills in the industry will outstrip supply, given the pace of growth in the industry, the report said. “Hence, the M&E industry needs to prepare itself for a completely different and perhaps, unrecognizable workforce by 2020,” the report added.

Source: Mint December 03, 2017 20:03 UTC