India's film, television and online content sector generated revenue of about how much in the financial year 2024, according to the backgrounder?
- A.USD 5.2 billion
- B.USD 13.1 billion
- C.USD 19.7 billion
- D.USD 25 billion
Show answer
Correct answer: B. USD 13.1 billion
Explanation
The correct answer is USD 13.1 billion. The backgrounder says the film, television and online content sector generated USD 13.1 billion in revenue in the financial year 2024, up 18 per cent since 2019, and is expected to keep growing at 6 to 10 per cent a year to reach about USD 17.5 to 19.7 billion by the financial year 2029. A young population, a fast-expanding 5G network and cheap data are driving the growth.
USD 19.7 billion is the trap: it is the upper end of the projection for 2029, not the figure for 2024. The other two are distractors. The growth is why the Government is streamlining shooting permits through the India Cine Hub and why the National Film Awards are being paired with tourism: film and content are being treated as an industry that brings investment, jobs and visitors.