New Delhi, March 5 -- Indian media and entertainment sector grew by 8 per cent in 2023, touching Rs 2.3 trillion (USD 27.9 billion), 21 per cent above its pre-pandemic levels in 2019, according to a FICCI-EY report.

According to the report titled '#Reinvent: India's media & entertainment sector is innovating for the future', the new media space, comprising digital and online gaming, emerged as the frontrunner in growth, contributing Rs 122 billion of the overall increase of Rs 173 billion, and consequently, increased its contribution to the media and entertainment sector from 20 per cent in 2019 to 38 per cent in 2023.

Experiential (outside the home and interactive) segments continued their strong growth in 2023, and consequently, onlin...