That new technology, trends etc take their own sweet(not so) time to reach and permeate the Indian market is a well known and accepted fact, and Social Media is no different. While marketing and advertising companies/teams from other countries(especially from the west) might have already dipped deep in the Social Media waters, their counterparts in India are no where close.
When Pepsi ditched Superbowl and chose to spend their budget ($20 million) on a Social Media campaign there were celebrations amongst the Social Media folks world over and everyone(Including we in India) felt that Social Media has finally arrived and the game has changed from being Traditional Media centric to Social Media being equally if not more important. If you think that’s the same with India (transition from Tradition Media to Social Media at a considerable level), think again.
In the course of last year or so I’ve met numerous Social Media enthusiasts/marketers/analysts and quite a few advertising/media agencies and some guys who are in-charge of marketing campaigns for the brands they represent. Little has changed since last year if we talk about how people who offer Social Media solutions feel and how those who should be using those Social Media solutions feel. Despite all the jazz around Social Media, in India particularly brands are spending a bare minimum percentage of their marketing/advertising budget on Social Media. Not just this, what’s particularly interesting is the fact that in India some brands have started spending more(and not less) on Traditional Media. If these figures are anything to go by
you can get an idea of how things seem to be moving in the Indian market. We are increasingly spending more money on Traditional Media and it’s not just TV ads, the print media is also on a roll with Realtors and FMCG companies booking full page ads like anything. It’s not just a co-incidence that there aren’t any remarkable Social Media campaigns around IPL despite all the hype and hoopla.
Keeping in mind all this and the response that these Traditional Media campaigns manage to get I would like to believe
that the days of TV-Industrial Complex are not yet over in India and it will be another few years before significant changes start to happen.