Skip to content
HOME
HOME
  • Home
    • CineTv
  • About Us
    • CineEye- Magazine
      • Upcoming Release Dates
  • Movie Reviews
  • Upcoming Release
  • Box Office Collection Report
  • BREAKING News
    • Exclusive Pictures
      • Our Team
  • Film News
  • Events
  • upcoming release dates
  • Movie Reviews
  • Spotted
  • Box Office Collection Report
  • Team
  • Param Kamal Kalra
  • Anita Sharma
  • Praful M Shah
HOME
HOME

Bollywood’s impact on the Indian Economy!

CineEye, April 15, 2018September 26, 2019

Bollywood actor Salman Khan’s five year jail sentence earier this month has sparked concerns about the investments made in his under production movies. He was later released from Jodhpur Central jail after an Indian court granted him bail.Indian films have been breaking box office records this year, certainly a good omen for a host of sectors from advertising to tourism, considering the far-reaching economic impact of one of the world’s biggest film industries, more commonly known as Bollywood around the globe.

“The contribution is huge,” says Tinku Singh, the group president and chief strategy officer at SRS Group, one of the largest cinema chains in north India. “There are a lot of industries that are getting impacted [positively with Bollywood’s growth].”

Revenues for India’s film industry, including box office collections, digital rights, and in-house cinema advertising, recorded a 27 per cent year-on-year growth in 2017 to 156 billion rupees (Dh8.78bn), according to a report by global consultancy EY, which estimates the revenues will climb to over 191bn rupees by 2020. The year has been going well for the industry so far.

Padmaavat, an historic drama directed by Sanjay Leela Bhansali, starring Deepika Padukone and Ranveer Singh, one of the most expensive Bollywood films ever made, with a budget of 2.15bn rupees, took the box office by storm, raking in more than 5bn rupees globally since its release in January.

“There’s a huge fan following for the big Indian stars, and whenever their film hits the screen, people go mad about it,” says Mr Singh. “Especially, for Amitabh Bachchan, Salman Khan, Aamir Khan, Indians go crazy. What I feel is that in India people would be happy to give up their food for one day, but they won’t give up entertainment.”

When Salman Khan was given a five-year jail sentence this month in a case of poaching an endangered blackbuck, Bollywood producers went into a frenzy over the economic impact the judgment could have, given the fact that a huge amount of funds had already been invested into Mr Khan’s under production films such as Race 3. Two days later, he was released on bail, to the relief of the industry.

Given his popularity, Salman Khan commands 600 million rupees per movie, while Deepika Padukone, one of the industry’s biggest female stars, was reportedly paid 110m rupees for Padmaavat, according to figures cited by the Times of India newspaper.

These hefty fees are eating into the profitability of some of the big star films, but overall a greater number of Bollywood movies are enjoying healthy profits, data reveals.

Of the 50 top Hindi films released last year, 14 of the them managed to record a positive return of more than 100 per cent, compared to 8 in 2016.

Film News

Post navigation

Previous post
Next post

CineEye

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Twitter

  • September 2023 (19)
  • August 2023 (45)
  • July 2023 (35)
  • June 2023 (28)
  • May 2023 (96)
  • April 2023 (16)
  • March 2023 (31)
  • February 2023 (42)
  • January 2023 (26)
  • December 2022 (69)
  • November 2022 (3)
  • December 2020 (1)
  • September 2020 (4)
  • August 2020 (24)
  • July 2020 (18)
  • June 2020 (1)
  • May 2020 (23)
  • April 2020 (5)
  • March 2020 (11)
  • February 2020 (8)
  • January 2020 (22)
  • December 2019 (12)
  • November 2019 (19)
  • October 2019 (7)
  • September 2019 (4)
  • August 2019 (31)
  • July 2019 (37)
  • June 2019 (46)
  • May 2019 (73)
  • April 2019 (106)
  • March 2019 (51)
  • February 2019 (79)
  • January 2019 (113)
  • December 2018 (116)
  • November 2018 (98)
  • October 2018 (158)
  • September 2018 (194)
  • August 2018 (57)
  • July 2018 (16)
  • June 2018 (26)
  • May 2018 (24)
  • April 2018 (40)
  • March 2018 (29)
  • February 2018 (45)
  • January 2018 (12)
  • December 2017 (3)
  • November 2017 (16)
  • September 2017 (1)
©2023 HOME | WordPress Theme by SuperbThemes