Bollywood is the top earner in the Indian film industry, with over 12000 crores expected to be made in 2023

In terms of the Indian film industry, 2023 has been very successful. Incredible box office collections have been achieved by films such as Jawan, Pathaan, Animal, Gadar 2, Jailer, Salaar, and Leo. The Indian film industry made over 12226 crores last year, according to a report released by Ormax Media. Twenty-three is the best year for the Indian industry, with collections up 15% from 2022 to 2023.

The Hindi film industry made the largest contribution, totaling roughly 5380 crores. For the first time ever, the Hindi film industry has made more than 5000 crores in a single year. Bollywood made a spectacular comeback with superstars like Shah Rukh Khan and Ranbir Kapoor taking the lead. Before the pandemic, most critics and industry experts wrote the film industry off. The best part is that audiences are starting to appreciate even medium-budget movies once more.

The Telugu film industry, also known as Tollywood, came in second place with a contribution of almost 2300 crores. Other well-known actors, like Prabhas and Chiranjeevi, didn’t have a single release in 2023. Waltair Veerayya is the next biggest hit from Tollywood in 2023, after Salaar. With the release of nearly every Telugu star hero, things appear promising for 2024.

The sixteenth percentile, or roughly 1960 crores, comes from Kollywood. Jailer and Leo contributed over 1300 crores to these. Mollywood (572 crores), Sandalwood (312 crores), and Hollywood (1139 crores) take the fourth, fifth, and sixth positions, respectively. The Kannada industry’s contribution fell by 61% while Bollywood saw an incredible 53% year-over-year growth.

Even though there was an increase in collections, foot traffic is still below what it was prior to the pandemic, so there is still much space for improvement. The most crucial thing to remember in this situation is that rising ticket prices—rather than rising visitor numbers—were the cause of the increase in collections. Moving forward, the emphasis ought to be on higher-caliber material.