Shashi Sinha, CVL Srinivas, Pratap Bose & Rohit Ohri present Outlook for 2015

29 Dec,2014

 

Interviews by Shruti Pushkarna

 

2015 is acid test year for our industry:

Pratap Bose, President, The Advertising Club

I don’t want to sound pessimistic but honestly I have spoken to a lot of people in the industry. It’s a view that everyone’s taking which is the whole thing of being very cautious. There is optimism but there’s cautious optimism. And therefore I think, 2015 is really the acid test year, both for the BJP as well as for our business. The promise is large, the delivery is yet to happen. The strain on the government to actually do something concrete, pivotal around strategy, around implementing, to make things happen is huge. People say it will happen, give us time… I understand that. So there’s a lot of optimism that things might happen but unfortunately we haven’t seen the fruits of that yet. I don’t want to sound like a pessimist but I think we have to take the wait and watch approach. Even if you see the Congress men talk about Narendra Modi right now, they are saying that we’ve heard a lot, he’s made the right impression, the mood is right, but we need to see real time action. To summarise what I said, 2015 is the acid test year for our industry. There’s a lot of hope but I’m still pessimistic about it because it needs to transpire into concrete decisions that grow the economy and move the economy forward. That’s not been seen yet. I tread very carefully.

 

Digital is finally kind-of becoming a strong reality:

Rohit Ohri, ‎Executive Chairman, Dentsu India & CEO, Dentsu Asia Pacific (South)

I think 2015 will be a promising year for everybody because I think a lot of the work that the new government has started, should show some results. And we are hoping that the positive sentiment will carry through to 2015 and 2016 as well. The other thing is, from the entire advertising and media industry I think digital is finally kind-of becoming a strong reality. It’s no longer just good to do, I think brands are realising that it’s an interesting part of their plans. And I think we are going to see a big change in the next two years in how brands actually communicate online. And what we have seen in 2014 was this big thing about brands creating content, which they did in a mini movie kind of format releasing online. I think that’s something we’ll see a lot more of going forward in 2015. All in all, from a creative perspective, and from a media spends perspective, I think the industry is looking up.

 

Government has great plans but they have to push it through:

Shashi Sinha, CEO, IPG Mediabrands

I’m hoping and praying that the next year is good. I am hoping that Budget works out well for the government, whatever they decide, they implement because to me, that’s important. This government has great plans but they have to push it through. As we speak, currently GST is held up… so if they pull off a great Budget, life will be good. To me that’s vital. And not because it’s will be a great Budget but that will show their ability to push through and resolve things. But if they still get caught up in this religious thing that is happening, then there’s trouble. So we hope the government succeeds.

 

In terms of adspend growth, it’ll be pretty much similar to this year:

CVL Srinivas, CEO South Asia, GroupM

We see 2015 to be a good year. On an overall basis, I think in terms of adspend growth, it’ll be pretty much similar to this year. But one must remember that this was an election year so we had a bit of a bump up to growth because of elections. Next year, despite it not being an election year, we see the growth rates to be more or less similar. We see digital growing upwards to 35 per cent like it has been over the past two or three years. We also think television is going to continue its strong growth in healthy double digits and so will the regional print dailies. So, all in all, it looks like an interesting year. We have the ICC World Cup coming up next year so that will lead to spends at some level.

 

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