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India set to be among top advertisement markets in 2019: GroupM and Zenith

The overall market size is expected to reach Rs 95,000 crore

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Experts said the optimism by the country’s top two media agencies had been fueled in part by the general assessment that the Indian economy would shows signs of recovery by the middle of next year

Viveat Susan Pinto Mumbai
Media agencies GroupM and Zenith on Monday said India would be among the top advertising markets in the world next year despite weak domestic economy. WPP-owned GroupM projected a 12-13 per cent growth rate for the local advertising market in 2020, in line with 2019, taking its overall size to nearly Rs 95,000 crore.
 
Zenith, on the other hand, said India would be among the top 10 global ad markets amid challenges faced by the economy. “India is currently witnessing headwinds, with a gross domestic production (GDP) slowdown over seven quarters. While the short-term view is cautious, the longer