Book market

India’s Printed Book Market to Hit Rs 1 Lakh Crore by 2024, According to India’s Book Market Report Released Today

New Delhi [India], Sept. 30 (ANI/BusinessWire India): Nielsen BookData has partnered with FIP to produce and publish the long-awaited second edition of the Nielsen India Book Market Report. As the Indian printed book market is expected to reach just under INR 1 Lakh Crore by the end of 2024, this new report provides an in-depth analysis of the Indian book market including market size in terms of value as well as the sector’s contribution to the Indian economy. Other highlights include a detailed overview of the Indian education system and the role it plays in Indian book publishing, as well as the impact of legislation on the industry.

The publishing industry has changed tremendously over the past five years and both organizations have recognized the need for further research and have worked closely together to deliver this new report which provides critical market analysis to inform and support stakeholders from the Indian publishing industry, government agencies and foreign investors.

Vikrant Mathur, Executive Director of Nielsen BookData India, said: “The Indian Book Market Report 2022 highlights the potential of print book publishing in India. It provides a deeper understanding of the market, its economic contribution to the Indian economy and makes recommendations to help bring efficiencies to the Indian publishing sector. Nielsen BookData is confident that this report will prove insightful and valuable to industry stakeholders not only in India, but also to those looking to invest in India.

Pranav Gupta, Joint Secretary, Federation of Indian Publishers [FIP]who was appointed project manager for this FIP initiative, said, “The Indian publishing industry is a vital part of the Indian economy and has been growing rapidly over the past few years. It also contributes substantially to the country’s employment rate and plays a pivotal role in the dissemination of knowledge, invariably contributing to the robust development of the country’s cultural ethos. The India Book Market Report 2022 holds a prominent position domestically and internationally and exhibited a linear expanding growth plot. It will be of immense importance for people not only to operate in the publishing ecosystem, but also for policymakers and investors in this sector.”

The report will be launched today at a special event hosted by FIP at Claridges Hotel in New Delhi with special guests and ministers from the Government of India, Indian Council for Cultural Relations, National Secretary, Bhartiya Janta Party and Nehru Center London. alongside representatives of the publishing industry.

Report praise:

“Having the third largest market in the world for print book publishing is impressive. Not only does the industry provide an engine for employment and exports for the economy, but it shapes the minds of young Indians through their education and cultural engagement. And yet the industry faces challenges. Policy makers should welcome the rich data provided in this report on India’s book market. It provides them with a solid foundation for policy-making. who support the positive contributions that India’s book publishing industry makes economically, culturally and educationally.

Kevin Fitzgerald CMG, FRGS, MA (Oxon) – Director, World Intellectual Property Organization, Geneva.

“If we are to understand the accelerating changes in international publishing and explain them to policy makers, we need hard data. I commend the Federation of Indian Publishers and Nielsen BookData for putting together this report and demonstrating the positive impact of Indian publishing. to the Indian economy but also to society as a whole.”

Karine Pansa – President-elect, International Association of Publishers, Geneva.

“I am delighted to be associated with this report as I found the previous edition published by Nielsen BookData extremely beneficial. FIP has now collaborated with Nielsen BookData to publish a new edition focusing on the publishing ecosystem of books and its contribution to the Indian economy.It is an invaluable resource for book sector planners, policy makers and decision makers.It puts data at the heart of decision making and planning.

Asoke K. Ghosh – Chairman Emeritus, The Federation of Indian Publishers.

To purchase a copy of the report, email: (mailto:[email protected]) | (mailto:[email protected])

This story is provided by BusinessWire India. ANI shall in no way be responsible for the content of this article. (ANI/BusinessWire India)

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