Point Roberts, WA, May 09, 2008 --(PR.com
)-- IndiaStockMarket.com a global investor website for investing in India within Investorideas.com reports on the rapid economic growth story in India and some of the key sectors that are impacted. With an economy growing at nine percent, spending and innovation in technology across personal computers, cell phones, greentech and digital media is on the rise.
India’s Media and Entertainment is accelerating and according to industry stats, was worth INR402.43 billion (USD9.12bn) in 2006, a growth of 13.98% over 2005, which is higher than GDP growth rate.
"It is expected that the industry will grow at a CAGR of 34.17% during 2006-10." Source: (allbizreport.com/indexer_eng/Indian_Media_Entertainment_50730.html)
At the Seoul Digital Forum, Sumner Redstone, Chairman of Viacom and CBS Corporation stated in his keynote, "Governments in China and India are starting to take an active interest in reinforcing copyrights, if only to protect their own home grown content."
USA Video Interactive Corp.'s recently announced that four production and distribution companies in Bollywood, the world's largest film and entertainment industry, based in Mumbai, India, will be deploy their unique digital watermarking product, MediaSentinel™, to protect against piracy domestically and internationally. The companies will begin using MediaSentinel™ through PIO TV Pvt. Ltd. (pioTV.com), India's only digital integrated media Platform Company.
Shemaroo Entertainment, an Indian company and distributor of Indian films, recently reported it expects to grow at a compounded annual growth rate (CAGR) of 30 to 35 per cent over the next three years but also raised concerns over video-piracy, which causes the company Rs 650 crore in revenue-losses.
With rapid economic growth, rising incomes, an increasing number of Billionaires and Millionaires, Forty-four per cent of the Top 100 Fortune 500 companies setting up offices in India, just like China, is a force to be reckoned with.
Facing challenges of rising food costs and oil costs as challenges, India looks ahead to innovation and technology for answers.
India Showcase Company:
USA Video Interactive Corp. designs and markets technology for delivery of digital media. Visit the company showcase on Investorideas.com.
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Source: Investorideas.com, USA Video Interactive Corp