India has been the largest film producer worldwide for the last few years, releasing more than a thousand films each year. The country is home to of the one of the most important cities in the global film industry, Mumbai.
The Indian film industry reached Rs 158.90 billion (US$ 2.47 billion) in FY18. The Indian film industry is expected to grow at a CAGR of 7.60 per cent during 2018-2023. Being one of the largest film producer in the world, Bollywood alone is valued at $2.28 billion industry (ASSOCHAM).