Indian music industry grows 24.5% in 20181 min read . Updated: 02 Apr 2019, 08:02 PM IST
- India currently has the 15th largest music market in the world and is set to be in the top 10 by 2022
- India has witnessed an increase in streaming revenue (31%) with rising traffic towards legitimate sources of music
New Delhi: The Indian music industry grew 24.5% to touch $156 million (Rs. 1,068 crore) in 2018. According to a report released by IFPI, a body representing the recording industry worldwide, India, currently ranked 15th in the world, is well-positioned to break into the top 10 music markets by 2022.
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