India is the largest producer of films in the world and second oldest film industry in the world producing more than than 1000 films a year. The year 2015 finished on a typical high for the Indian Film Industry. The Hindi-language part of the Indian film industry, is forecast to grow by 11% per year until the 2017 financial year.
The overall size of the Bollywood industry could swell to $2.89 billion (INR193 billion), up from its current $2.32 billion (INR155 billion), according to a new report.
Industry researchers predict that theatrical revenue in India will swell from a current $1.78 billion (INR115 billion) to $2.13 billion (INR142 billion) by FY2017.
That makes theatrical circuits account for some 74% of total income. TV and satellite revenues will grow at some 15% per year, said the forecasters, but predicted that home video will shrink at 10% per year. Regional films in other Indian languages currently accounts for some 43% of national box office and is growing faster and might surpass the Hindi film industry in a few years' time.
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