Question

write in detail about indian film industry

Give long answer​

Answer 1

The cinema of India consists of films produced in the nation of India.[8] Cinema is immensely popular in India. Every year more than 1800 films get produced in various languages in India.[9][10][11] Mumbai, Chennai, Kolkata, Hyderabad, Thiruvananthapuram, Bangalore, Bhubaneshwar and Guwahati are the major centres of film production in India.[12] As of 2013, India ranked first in terms of annual film output, followed by Nigeria,[10][13] Hollywood and China.[14] In 2012, India produced 1,602 feature films.[10] The Indian film industry reached overall revenues of $1.86 billion (₹93 billion) in 2011. In 2015, India had a total box office gross of US$2.1 billion,[6][15] the third largest in the world. In 2011, Indian cinema sold over 3.5 billion tickets worldwide, 900,000 more than Hollywood




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Answer 2

Answer:

India has a longstanding reputation for its acclaimed film industry and continues to be by far the world’s largest producer of films. Nevertheless, domestic demand for films appears to be waning as in a number of developed countries with mature film industries. Hence, the econometric analysis in this paper is particularly timely as with demand for films in Indian cinemas falling it is important to identify those factors that make films appealing for Indian audiences. An original dataset is utilised that includes data on all Bollywood films released in India between 2011 and 2015. Account is taken of the potential endogeneity between variables through the use of the generalised method of moments approach. Results are used to demonstrate how the Indian film market can continue to have a significant positive impact on the Indian economy. The discussion highlights appropriate film production company strategies and government policy responses that should be considered to ensure the continued success of the Indian film industry both domestically and in an increasingly competitive international market.

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