India to be third largest media-entertainment market in 5 years: Thakur at IFFI

Updated: Nov 20 2023 10:46PM

Panaji, Nov 20 (PTI) Union Information and Broadcasting Minister Anurag Thakur on Monday said India will become the third largest media and entertainment market in the world in the next five years.

Speaking at the inauguration of the 54th edition of the International Film Festival of India (IFFI) in Panaji, Thakur said a first the event will see is the recognition of the OTT segment.

"India, on one hand, has become fifth largest economy of the world. It is also the fifth largest in the world in terms of the media and entertainment industry. In the next five years, India is going to be third largest economy in the world as well as the third largest media and entertainment market," he said.