India is turning into the new publishing heaven for authors not only in India, but beyond borders as well. The literacy rate is increasing, and so has the readership. As per the ABC Report 2016, the circulation of India’s print publications grew at the compound annual growth rate (CAGR) of 4.87% in the past decade. Inarguably, books are here to stay and the publishing industry is on it!
2017 kicked off with some major book events, much to avid readers’ delight. Take a look!
The Federation of Indian Chambers of Commerce and Industry (FICCI) identified publishing as one of its major focus areas with several initiatives to boost and step up the Indian publishing scenario. At Scrapbook, the vital role played by publishers in catering to children’s learning requirements were highlighted. On the other hand, policy issues, copyright issues, content monetisation, potential international business tie-ups and emerging marketing trends were discussed.
As these events continued to keep the publishing industry abuzz, many publishing houses celebrated years of publishing. While it was the 30th anniversary for Penguin India, HarperCollins India celebrated their 25th. Bloomsbury marked 5 years of launch while our very own Prints Publications Pvt. Ltd. celebrated 52 years of publishing.
The year 2017 brought the fictional writing wave back in the Indian publishing industry with some of the bestsellers by Arundhati Roy, Jeet Thayil, etc. The non-fictional category continued to garner better sales. Some critically acclaimed books include ‘The Ministry of Utmost Happiness’ by Arundhati Roy, ‘The Golden House’ by Salman Rushdie, ‘The Sun and Her Flowers’ by Rupi Kaur, and ‘A State of Freedom’ by Neel Mukherjee.
Quite evidently, Indian publishing industry holds potential to attract readers beyond borders. Despite all the challenges and digitisation taking over, the publishing industry has travelled far and achieved much. But are we experimenting, innovating and risking enough to make the most out of it? Winding up with this thought for you to ponder on.