Indian adex to grow by 10.2% in 2024 to reach INR 1,55,386 crore: GroupM | Advertising
GroupM's TYNY report suggests global ad revenue will reach USD 936 billion and grow by 5.3%
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GroupM's TYNY report suggests global ad revenue will reach USD 936 billion and grow by 5.3%
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India continues to be ranked eighth globally among ad markets, but its ad revenue growth is the fastest among the top 10 economies, according to the media agency
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GroupM anticipates a 10.2% growth in Indian advertising revenue for 2024, totaling ₹1,55,386 crore. This projection reflects a slight decrease from the 11.3% growth observed in 2023. The surge in advertising expenditure will primarily be fueled by Lok Sabha elections, cricket events, and sectors such as auto, real estate, retail, and SMEs. Digital advertising is expected to dominate, capturing 70% of incremental ad revenue, with e-commerce and connected TV driving growth.