With a country of 1.2 billion population, 24 major languages, 74.04% literacy rate, 523 universities, and 33,023 colleges, India provides incredible opportunities to the publishing industry which is an indispensable component of India's growing economy. India is known as the top seven publishing nations and is best book market in the world. Driven by the robust economic reforms, favourable macro-economic factors, and increase in literacy and purchasing power, the Indian publishing sector is beyond any doubt a lucrative option for overseas print, publishing and media houses and is expected to grow in the years to come
The publishing industry can be divided into content generation; materials used in printing process and subsets such as publishing houses, service providers etc. Indian publishing industry is becoming the preferred destination for firms outsourcing their work. There are 140 Indian players in the publishing outsourcing industry. Of the total outsourced work to India, 60% are book by the academic publishers, followed by educational publishing segment, magazines, corporate and business to business newsletters etc.
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