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Who will ride India's 'Next Wave'?

June 8, 2008

The Indian DVD market now exceeds 1.5 billion units per year. This figure is expected to grow to 4.5 billion units per year by 2010.

The explosive growth in DVD sales also is attributed to the predominance of single-TV households.

However, this is expected to change as rising incomes and a large pool of teenagers fuel mushrooming growth of multiple-TV households, commonly known as the 'Teenager Effect'.

These factors will continue to drive high revenue growth and profitability for such media and entertainment companies as TV18, ENIL, and D.B. Corp., which are leaders in this space.

Private education will also ride India's Next Wave as an aspiring population seeks to give its children and itself the greatest opportunity to succeed and prosper in the new economy.

With the exception of the world-renowned Indian Institutes of Management & Indian Institutes of Technology, the Indian public school system has proved to be a dismal failure.

As a result, Indian citizens of all socio-economic brackets have looked increasingly to the private sector for their education needs.

All eyes on manipal education

As with other Next Wave Verticals, technology and infrastructure have fostered the rapid expansion of private education as Internet-based learning programs create opportunities for distance-learning, and improvements in communications and roads have created new education institutions in rural areas of the country.

Image: Delhi University students shout anti-government slogans and display placards during a demonstration | Photograph: Raveendran/AFP/Getty Images

Also read: Why India's Reliance is going Hollywood
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