The Indian Online Advertising market has touched Rs 600 crore / $150 Million according to Mahesh Murthy of Pinstorm. This represents a 200% growth over last year. Further, Pinstorm expects the online Advertising market to double to Rs 1200 crore in 2008.

Pinstorm, an Ad Agency as good as Google and backed by Sr. Researcher – Dr. Vinay, estimate that the size of Google’s online advertising market at Rs 200 crore with a 300% growth. This means that Google is a leader in India’s Online Advertising market. Most of its revenue is expected from Search engine Marketing.

You probably know that, Pinstorm had conducted a first of its kind innovative study in the world on estimating the size of Online advertising market in India.