Traditional and digital media to coexist in India: CII-BCG
Despite rapid digital evolution in India, traditional and non-traditional media are likely to grow and coexist over the next few years. A new report, One Consumer, Many Interactions, by the Confederation of Indian Industries (CII) and Boston Consulting Group (BCG), said India will remain a multi-modal market, considering the consumer has access to multiple platforms. However, there will be differences in “what”, “when” and “how” media will be consumed. “There might be a slowdown of growth in traditional media, but there is still much headroom for growth, given the penetration story has not played out completely,” said Kanchan Samtani, partner and director, BCG. More than 95% TV households in India are single-screen; hence, most TV consumption happens in a family-viewing setting, the report says. The Indian consumer is not entirely used to paying for content, while most platforms are advertising driven, unlike US, where the cost of a cable connection can be ...