Indian OTT and entertainment industry created 2.36 million jobs in 2017

According to a report, Indian OTT, entertainment and TV industry has created an approximately 2.36 million employment opportunity in 2017. The OTT industry, in particular, is showing positive trends and driving a compound annual growth rate of around 12% over the next five years.

The report claims that the television sector will have a steady growth curve of 15% and movie business might witness a 6% growth which again might increase if the country’s low screen density is addressed positively. OTT sector which is the promising among all though coming from a low base is expected to fetch 26% growth by 2022.

The findings were part of an Economic Contribution Report by Motion Picture Association (MPA) and Deloitte in association with Producers Guild of India and Federation of Indian Chambers of Commerce and Industry (Ficci).