Bollywood needs a better regulatory and corporate governance environment to attract more foreign investment, according to delegates at last week's India Media and Entertainment Forum in London.
The Indian Industry stands at $4.5 bn today and is expected to grow in high double digits at 18% per annum compounded annually over the next five years, to reach over $10bn by 2009. The largest contributor to this growth will be the television segment followed closely by the film segment.
No word in the press release on whether the 200 delegates performed an intricate dance routine in vibrant colors.
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