The media and entertainment (M&E) industry in India is set to recover in 2010

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after registering a modest growth of around 1.3 per cent in 2009 compared to 12 per cent in 2008, according to the latest report by Ficci-KPMG.

The report will be released in Mumbai on Tuesday coinciding with Frames-2010, the annual global convention on the business of entertainment organised by Ficci. Over 2,000 Indian and 800 foreign delegates are expected to attend the three-day event.

According to the report, the growth is expected to be driven by the rise in subscriptions through enhanced penetration and expansion of digital delivery infrastructure. The report also says “rising disposable incomes of the working population is expected to continue impacting the M&E industry favorably.

Aspirations of Indian companies in the M&E industry to go global and foreign players coming to India will also help the industry target a double digit growth in the next five years, says the report.