The publishing industry has changed enormously over the last five years. Both organizations recognised the need to carry out new research and have collaborated closely to deliver this new report which provides a business-critical analysis of the market to inform and support the stakeholders of the Indian publishing industry, government agencies and overseas investors.
The report was launched on 30 September 2022 by Dr Rajkumar Ranjan Singh, India’s Minister of State for External Affairs and Education, at a special event hosted by FIP at The Claridges Hotel in New Delhi.
Pranav Gupta, FIP Joint Secretary, said: The Indian publishing industry is a vital part of the Indian economy and has been developing rapidly over the past few years. It also contributes substantially to the country’s employment rate and plays a pivotal role in disseminating knowledge, invariably contributing to the robust development of the country’s cultured ethos. The India Book Market Report 2022 occupies a prominent position domestically and internationally and has exhibited a linearly expanding growth curve. It will be of immense importance for people not only in operating in the publishing ecosystem but also for policymakers and investors in this sector.
Karine Pansa, President-elect of the IPA, said: If we are to understand the accelerated changes in international publishing, and explain them to policy makers, then we need solid data. I commend the Federation of Indian Publishers, and Nielsen BookData, for bringing this report together and demonstrating the positive impact of Indian publishing to the Indian economy but also to society as a whole.