Continuing its robust growth, the Indian entertainment and media sector has now become a Rs 51,300-crore industry, and is projected to achieve a massive size of Rs 1,15,700 crore by 2012.

The growth in 2007 over 2006 itself was a respectable 16 per cent, and in absolute terms, it was up by Rs 7,500 crore over the 2006 figure of Rs 43,800 crore, the  FICCI–PricewaterhouseCoopers 2008 Report on Indian Entertainment and Media Industry says. The growth was driven to a great extent by the foreign investments in the sector, which in 2007 reached a record high of $ 211 million, or approximately Rs 850 crore.

While the complete report will be released on March 25 at the FICCI-FRAMES 2008 in Mumbai, excerpts showed that the bulk of this growth came not from the film industry but fromtelevision sector.

The Print Media too recorded growth of 16 per cent during 2007, thus maintaining its position as the second biggest contributor to the industry size after TV. The only gloomy scenario in the whole sector comes from the music industry, which now has a size of just Rs 730 crore and will have  CAGR of two per cent.