Additional Commerce Secretary Sudhanshu Pandey on Friday said the India Media and Entertainment industry is expected to grow to $ 100 billion by 2014.

Speaking at the CII Big Picture Summit, the official added that the power the M&E sector holds is multiplying as we are moving into a digital space. The digital revolution in M&E has created jobs and entrepreneurship at every corner of the country.

He also stated that if we make the broadband faster, we can double the contribution of the sector every three years.

He also went on to state the need for appropriate infrastructure in the industry to cater to the entrepreneurship environment that is slowly being cultivated.

Alexander Shulgin, Futurist & VC, Family Group Russia who spoke on the transformation the world will undergo as a result of data mining and block chain, where block chain will help us in peer to peer connection, maintaining the privacy as there is only a single source of data.

Karan Bedi, CEO, MX Player emphasised how OTT has been a true revolution in India where since 2016, data consumption has gone nearly 20 times per capita and 28 times per aggregate.

He stated that India has always been a supply constrained market in the entertainment sector due to shortage of screens. However, this has been drastically changing with the growth of online content as demand is being met through various platforms.

Rahul Rawail, Indian film maker, speaking on regulation stated that consumers should be the decider of what he consumes, and the let choice of what one has to watch be left with the viewer with a disclaimer.