• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • REVIEWS
    • TRAILERS
  • BUSINESS
  • CELEBRITIES
  • HOLLYWOOD
  • REGIONAL
  • TV
  • MUSIC
  • TOP LISTS

Bollywood Presents

Exotic locations where popular Bollywood movies were shot

You are here: Home / Film & Media Business / Does big box office collection mean the economy is doing good?

Does big box office collection mean the economy is doing good?

October 15, 2019 by BollywoodPresents Team

movie business

Big box office collection may not mean the economy is doing good because a lot of people still go to watch movies to enjoy a few stress-free hours during a slowdown.

Recently film trade analyst Komal Nahta pointed out that on October 2 (Gandhi Jayanti), a national holiday, three films – War, Joker and Sye Raa – earned Rs 120 crore in one day.

Well, definitely a thing to boast for the film industry.

However, when Indian Union Minister Ravi Shankar Prasad used that bit of news to suggest that the Indian economy must be sound, it did not go down well with many; the social media space exploded with comments and suggestions indicating that the minister had no clue as to why the Indian economy was under performing.

“Old super hit films like Sholay, Lagaan, Gadar should be re-released to reach USD 5 trillion economy. “All these films will earn so much money, our economy will recover in no time,” one of the jokes that were floating around after the statement.

People going to the theatres to watch movies is good for the movie business, but it is not going to help the economy grow, or create more jobs.

And we have seen in the past that the film industry is immune to economic slowdowns. In 2008, the year of recession, the film industry still managed to grow at a healthy 7.7 percent.

Its because people want to escape the negativity which is prevalent when the economy is not doing good.

So high box office collections may not mean that the economy is doing well.

I am sure the minister learnt a thing or two about the movie business. And in case you are worried about your job, why not watch a movie at your nearest theatre?

Filed Under: Film & Media Business

RELATED POSTS

Beatles statue in Liverpool

‘Beatles’ Still Add Millions of Pounds to Liverpool’s Economy

‘Beatles’, one of the hugely successful and popular music bands of all time, still continue to boost their hometown Liverpool’s economy (the group split way way in 1970). And as per a recent report by the Liverpool City Council, the iconic English band adds close to 80 million pounds (and supports more than 2,300 jobs) […]

Showstopper Shilpa Shetty’s Sexy Waist-Level Cut Costume for Masaba Gupta

Watch Shilpa Shetty walk the ramp as Showstopper for designer Masaba Gupta at the at Lakme Fashion Week. Donning a slinky black printed cut-out gown with an attached dupatta drape, Shilpa looked stunning (and sexy of course) in that waist-level cut costume. Source: Youtube “I feel elated taking the ramp for Masaba. I hope I […]

koffee with karan

Aamir Khan goofs up on Koffee With Karan, says Shabana Azmi is Javed Akhtar’s daughter

Aamir Khan embarrasses himself on ‘Koffee With Karan’, says Shabana Azmi is Javed Akhtar’s daughter during rapid fire round. Koffee With Karan is one of the most popular TV shows in India. Its hosted by Bollywood’s top filmmaker Karan Johar, and the other reason that the audience love to watch the show is because the […]

luxury air travel

VIP flights for round-the-world voyages: Demand for Luxury Cruise in Air on the rise

VIP flights set for round-the-world voyages are finding lot of takers, not just in America, but from around the world. Some clients, despite having their own jets, opt for such holidays just for the luxury experience, which is like voyaging around the world on a cruise, except you would be 30,000 feet in the air. […]

Haider Movie Review

Star Cast: Shahid Kapoor, Shraddha Kapoor, Tabu, Kay Kay Menon, Irrfan Khan Director: Vishal Bhardwaj Producer: Vishal Bhardwaj, Siddharth Roy Kapur Music Director: Vishal Bhardwaj The Highs: Great performance by the actors, Great background music, Superb handling of the subject by Vishai Bhardwaj, Probably the first time Indian cinema talks about the issues that plagued […]

Bollywood and football / Soccer

Businesswoman ‘Sunny Leone’ is co-owner of football team

Sunny Leone recently acquired a football team, and reveals why she’s a natural fit for the sports business. It seems Sunny Leone has done all the hard work that she needed to do in India, and its now time to reap in the benefits. After making a name for herself in Bollywood, the ‘business woman’ […]

train film tourism

SRK travels by train for film promotion, says the trains look much better from inside

Shahrukh Khan traveled by train for the promotion of Raees, says the condition of trains have improved a lot. Indian railways is one of the most commonly used mode of transport in India (its also among the largest rail networks in the world). Every year, people wait with bated breath to see if the Union […]

Suchitra with Shekhar Kapur

Suchitra gets rape threats for complaining against loudspeakers during azaan

“Whether azaan or bhajan, the use of loudspeakers should be restricted and legal time-limits followed. Faith must not be imposed aggressively. Appeasement politics must end,” says singer-actress Suchitra Krishnamoorthi who was trolled savagely for her comments against early-morning prayers on loudspeakers. Her comments evoked several angry comments, with most attacking her sexually – calling her […]

shweta bachchan baby

Rare-Interview-of-Amitabh-Bachchan-and-Rajesh-Khanna-Episode-1

Here’ a rare interview of Big B and Kaka together. QUESTION: Welcome aboard! It has been 17 years since you last came together, professionally or personally. What kept you apart? Why did you not team up after Anand and Namak haram? AMITABH: Who’s going to talk first? … I think after Namak Haram the only […]

travel tourism industry

For Mother’s Day, This Airline Rewarded Moms Every Time a Baby Cried Onboard

Usually, most parents are worried about how to handle their little ones on flights, and come prepared so that their babies don’t cry a lot on flights. But this Mother’s Day, moms wanted their babies to cry, thanks to an interesting offer by the airlines JetBlue that rewarded moms every time a baby cried. In […]

Primary Sidebar

LOOKING FOR SOMETHING?

RECENT POSTS

Bobby Deol

Bobby Deol completes 25 yrs in Bollywood

Son of Bollywood veteran Dharmendra and brother to Sunny Deol, Bobby Deol recently completed 25 … [Read More...] about Bobby Deol completes 25 yrs in Bollywood

Shabana Azmi

Shabana Azmi: One of the finest actors of Indian cinema

Shabana Azmi, an alumnus of the Film and Television Institute of India (FTII) of Pune, made her film … [Read More...] about Shabana Azmi: One of the finest actors of Indian cinema

war movie

Here’s how much Hrithik Roshan was paid for his 2019 hit film ‘War’

Hrithik Roshan is a superstar in Bollywood and is among the highest paid actors in the film … [Read More...] about Here’s how much Hrithik Roshan was paid for his 2019 hit film ‘War’

sooryavanshi movie

Bollywood facing losses of 5000+ crore due to pandemic lockdown

Almost everybody associated with the film industry is despondent about the future. With COVID-19 … [Read More...] about Bollywood facing losses of 5000+ crore due to pandemic lockdown

Money Scandals

Indian film celebrities caught in Tax Controversies

In Bollywood and other film industries in India, there's a saying that "there's no business like the … [Read More...] about Indian film celebrities caught in Tax Controversies

celebrity endorsements

It’s 2020 and Bollywood is still obsessed with fair skin

Makers of the upcoming movie 'Khaali Peeli', starring Ananya Panday and Ishaan Khatter, are facing … [Read More...] about It’s 2020 and Bollywood is still obsessed with fair skin

Kangana Ranaut's pali hill office

BMC demolish illegal constructions by Bollywood actors & filmmakers

BMC begins the demolition of illegal alterations to Kangana Ranaut's office in Bandra. The … [Read More...] about BMC demolish illegal constructions by Bollywood actors & filmmakers

deepika padukone

Deepika Padukone: Net worth and luxury splurges

Deepika Padukone is one of the leading actors in Bollywood and commands a higher remuneration than … [Read More...] about Deepika Padukone: Net worth and luxury splurges

Hrithik Roshan

Rakesh Roshan completes 50 years in Bollywood, talks about Bollywood

Veteran actor and filmmaker Rakesh Roshan has completed five decades in the film industry. However, … [Read More...] about Rakesh Roshan completes 50 years in Bollywood, talks about Bollywood

Sushant Singh Rajput

Showik Chakraborty, Samuel Miranda admit to Drugs Procurement, arrested by NCB

Narcotics Control Bureau (NCB) has arrested Showik Chakraborty and Samuel Miranda in connection with … [Read More...] about Showik Chakraborty, Samuel Miranda admit to Drugs Procurement, arrested by NCB

Amazon Fashion

Footer

Upcoming Bollywood Movies

  • Love Aaj Kal Movie
  • Hum Bhi Akele Tum Bhi Akele Movie
  • Hawayein Movie
  • Shubh Mangal Zyada Saavdhan Movie
  • The Hundred Bucks Movie
  • BHOOT: Part One – The Haunted Ship Movie
  • Haunted Hills Movie
  • 'O' Pushpa I Hate Tears Movie
  • Guns Of Banaras Movie
  • Thappad Movie

Bollywood Movie Reviews

  • Malang Review
  • Jawaani Jaaneman Review
  • Panga Review
  • Street Dancer 3D Review
  • Tanhaji – The Unsung Warrior Review
  • Chhapaak Review
  • Good Newwz Review

Top Celebs

  • Ajay Devgn
  • Kajol
  • Saif Ali Khan
  • Shraddha Kapoor
  • Varun Dhawan
  • Deepika Padukone
  • Kangana Ranaut
  • Tabu
  • Aditya Roy Kapur
  • Disha Patani
  • Rajinikanth

About Us

  • About Us
  • Contact Us
  • Write for Us
  • Privacy Policy
  • Disclosure
  • Sitemap
  • Newsletter

Copyright © 2021 · News Pro on Genesis Framework · WordPress · Log in