The Indian film industry is the largest in the world in terms of number of films produced with around 1,500 to 2,000 films produced every year in more than 20 languages. Photo: ReutersHyderabad: The gross box office realisations of Indian film industry are expected to reach $3.7 billion by 2020, according to Deloitte Indywood Indian Film Industry Report. “The Indian film industry is the largest in the world in terms of number of films produced with around 1,500 to 2,000 films produced every year in more than 20 languages. In terms of revenue, the industry has gross box office realisations of $2.1 billion which is expected to grow at 11% CAGR reaching $3.7 billion by 2020,” the report said. “The Indian film industry is dominated by Bollywood, the Hindi film industry, contributing 43% of the revenue, while the regional films contribute the remaining 57%.

Source: Mint September 25, 2016 13:07 UTC