New Delhi, May 6 -- The Indian media and entertainment (M&E) industry will grow at a Compound Annual Growth Rate of 7 per cent to reach Rs 3.07 trillion (n (USD 36.1 billion)) by 2027, a report by Ernst & Young (EY) anticipated.

According to the EY, the sector will grow at the rate of 7.2 per cent in 2025, reaching at Rs 2.68 trillion (USD 31.6 billion).

India's Media and Entertainment sector has continued its upward trajectory in 2024, growing by Rs 81 billion to reach a total value of Rs 2.5 trillion (approximately USD 29.4 billion).

The growth was primarily driven by new media--including digital media and online gaming--which expanded by Rs 113 billion, marking a 12 per cent increase and bringing its contribution to 41 per cent of t...