While the Indian film industry is the largest in the world in terms of number of films produced, the revenues are nowhere comparable to the countries such as U.S. and Canada. “The gross realisation of Indian film industry is $2.1 billion versus gross realisation of film industry in U.S. and Canada is $11 billion even though they produce only 700 films as opposed to 1,500-plus films produced in India,” the report said. The Indian film industry had the second highest footfalls in the world in 2015 (more than 2.1 billion) after China (almost 2.2 billion). Facing challengesDespite producing more than double the number of films than many other countries,, the report highlighted several challenges the Indian film industry is facing. It also highlights inadequate infrastructure acts as the biggest hindrance to the Indian film tourism industry, and has been affecting its growth since past several years which is leading to cost escalation.

Source: The Hindu October 07, 2017 14:48 UTC