TMS episode 593: Real estate boom, the revival of Bollywood, Pulkit Agarwal, GCCs

The domestic housing market has shown one of the strongest performances in recent years in 2023. The robust growth in the segment is driven by strong demand in the housing market, complemented by the supply of new inventory. Apartment sales in seven major Indian cities are expected to rise by 20 percent this year. That's about 2.6 lakh units. But what's behind this rush to own apartments, and who are the buyers?

Industry analysts expect residential real estate sales in India to reach three lakh units by 2024, driven by robust demand and quality launches. Meanwhile, masala in the Hindi film industry, which has been missing in recent years, is back in 2023 and is making big money for cinemas across the country. The revival of Bollywood films is evident from this year's box office collections, which have surpassed pre-pandemic figures for the first time. What were the key ingredients that contributed to this spectacular comeback?

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After a dream run in 2023, Bollywood's prospects for the coming year depend on how the industry prepares its scripts to surpass the competition from OTTs and the appeal of global cinemas. Let's now turn to the outlook for oil markets in 2024. Could geopolitical developments set oil prices on fire and push them past the $100 per barrel mark in the coming year? Or will the slowdown in China keep oil demand and prices in check? Pulkit Agarwal, Head of India Content, S&P Global Commodity Insights shares his interpretation of current developments and how he sees crude oil and gas prices playing out in 2024.

According to the Nasscom-Zinnov Report, 18 Global Capability Centers or GCCs have been established in India in the first half of 2023. As of June 2023, there are more than 1,580 and more than 1.6 million working in India. This figure shows India's position as a key destination for setting up Global Capability Centres. So what are Global Capability Centers? Listen to this episode of the podcast for answers.