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INDIAN FILM INDUSTRY INTRODUCTION The entertainment industry in India has outperformed the economy and is one of the fastest growing sectors in India However it registered a moderate growth of over 6 per cent in 200The industry is expected to grow from Rs 166 billion US 345 billion to Rs 419 billionUS 872 billion by the year 2007 Film entertainment is the most popular form of entertainment and it is this undiminished passion through the decades that has driven India to become the largest producer of films in the world Since 1931 when talkies were introduced in the country the film industry has produced more than 67000 films in more than 30 different languages and dialects The film industry recorded a loss of Rs 3 billion US 625 million in gross revenues of Rs 39 billion US 8125 million in 2002 But it is expected to grow annually by 19 per cent to reach Rs 93 billion US 193 billion by 2007 The industry produced 1200 films in 2002 and 1013 films in 2001 up from 855 films in 2000 While Hindi films continued to be the largest segment in 2001 23 per cent share south Indian language films Telegu Tamil and Malyalam have seen growth in their shares Indias movie industry is a great sector for foreign investment by corporatized entertainment companies Though risks are high on a per-movie basis the risk spreads out across a number of films However the domestic filmmaking industry despite its profligacy is yet to acquire the character of professionalism on a large scale BRIEF HISTORY OF INDIAN MOVIE INDUSTRY When the Lumiere Brothers first films were shown at Bombays Watsons Hotel in 1895 or when Dadasaheb Phalke released his epochal feature film Raja Harischandra in 1913 it is unlikely that either the exhibitors or the pioneer film maker realised they were unleashing a mass entertainment medium that would
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