At the FICCI FRAMES conference in Mumbai, an annual entertainment industry report by consulting firm KPMG stated that there was a 10 percent increase in Hollywood film revenue in India in 2016, and that The Jungle Book was the highest-grossing Hollywood film in India ever, collecting $38.2 million last year.
The report added that this growth was driven by increasing contribution of dubbed versions, highlighting that over the last two to three years, “nearly 40 percent of English releases are dubbed in at least one local language” in India.
The report also noted that the rising trend of Indian actors featured in Hollywood films, such as Irrfan Khan, who starred with Tom Hanks in Inferno, was another growth factor. Hollywood’s share of the Indian market is estimated at about 10 percent, says The Hollywood Reporter.