IBEF: July 20, 2016
The pay television sector in India can be expected to grow in sales at a compounded annual growth rate (CAGR) of 9.2 per cent to touch US$ 14.5 billion by 2021 and US$ 18 billion by 2025. The sector is expected to generate US$ 9.4 billion in revenue this year, growing at 16 per cent year-on-year in 2016. Experts believe that digitalising India's 65 million analog subscribers presents a major opportunity for cable, DTH and other emerging pay TV platforms in the country.
In another significant development, the National Skills Development Corporation (NSDC) plans to set up and launch 50 India International Skill Centres in the country by the end of 2016. The Centres are expected to impart training to domestic workers, healthcare workers and across sectors like retail, security, capital goods, auto, construction tourism and hospitality. This would be done under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Pravasi Kaushal Vikas Yojana (PKVY) to youth seeking global mobility or migrating overseas for jobs.
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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.