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India's advertising market projected to reach 0.5 pc of GDP by 2029 : Report

New Delhi, Aug 26: India’s advertising market -- valued at $16-$18 billion in 2024 and contributing around 0.4 per cent to GDP -- is projected to grow at 10-15 per cent compound annual growth rate (CAGR), reaching about 0.5 per cent of GDP by 2029 and making it one of the fastest-growing digital ad markets globally, a report said on Tuesday.