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TRP scam: BARC s ratings suspension has news channels worried, but not advertisers
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Adex to grow by 26% in 2021 to reach 2019 levels; Digital s market share up at 31%
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Advertising expenditure on print media may rise 35% to Rs 16,100 crore in 2021: Report
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Cinema will witness a growth of 161 per cent
17 Feb, 2021 - 05:34 PM IST | By indiantelevision.com Team
NEW DELHI: The Covid-2019 pandemic has pushed the Indian advertising market at least two years back, but 2021 will witness a growth of 26 per cent in adex, taking it to Rs 68,325 crore, a recently released report by Pitch Madison predicts.
While launching the report, Madison World CMD Sam Balsara noted, “In absolute terms, adex has degrown from Rs 67,603 crore to Rs 54,151 crore in 2020, a drop of a whopping Rs 13,452 crore, the highest ever drop in one year in the history of Indian adex. The last time Indian adex has seen any negative growth was way back in 2009 when on account of the Lehman crisis, Indian adex had degrown by nine per cent. At Rs 54,151 crore adex today has gone back to the level it had achieved in 2017 and if you look at only traditional adex, then it has gone back to the level that we achieved five years ago in 2015.”