
In a recent post on the social media platform X, a leading Indian publisher bemoaned the dwindling fortunes of Englishlanguage fiction in the country.
Despite the proliferation of books from India, readers still prefer international bestsellers or classics-that was the essence of her message. What were Indian publishers doing wrong, she asked.
This is not a novel complaint; it's been aired for more than a decade by a range of stakeholders both inside and outside the industry. First, the culprit was the lack of readers in an age of constant distraction.
Then came the woes of bookstores closing shutters. Paper prices and increased levies led to a steep rise of unit cost of production per title, followed by the monopoly of e-tailers that destroyed the business model. Now, with each passing year, the lament teeters on the brink of panic.
While it's not fair to offer generalisations based on anecdotal evidence, there isn't much else in terms of empirical data to arrive at solid insights on the state of English-language publishing in India. The Nielsen survey, which is the closest indicator of market health, is far from exhaustive. Spots sell at a premium on the bestseller lists put together by airport retailers.
Independent bookshops, some of which have vested interests (either because they have publishing imprints of their own or run agencies), cannot be trusted.
Even the most desperate optimist living inside the bubble of Bookstagram and BookTube will not deny that it's far from hunky dory. If a new indie bookshop opens in the hood, you can count on a loyal handful to dutifully show up and lighten their wallets-though the business acumen of seemingly smart establishments remains questionable.
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The markets challenged her—she mastered it
You don't really need a finance degree to excel in the stock market—ask Sapna Shaligram.
Demand slowdown hurts auto sales in February: Fada
Automotive sales declined 7% year-on-year in February to 1,899,196 units, hurt by an over 6% fall in two-wheeler purchases to 1,353,280 units, Federation of Automobile Dealers Association (Fada) data showed on Thursday.
RBI Seeks Tighter Gold Loan Checks
The Reserve Bank of India (RBI) plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds as it tries to cool growth in the fast-growing segment, seven people, including industry sources and those aware of the regulator's thinking, said.
India's tax authorities should make peace with its taxpayers
The relationship remains uneasy and this is crying out for reform
Improved growth rate gives govt extra fiscal headroom
Revision in FY25 economic growth to 9.9% allows Centre to have slightly larger fiscal deficit
CorporatEdge bags ₹100 cr equity fund
CorporatEdge, which provides flexible workspaces to companies, has raised ₹100 crore from private equity firm Carpediem Capital for expansion of its business.
Stock market pandemonium: will history repeat itself?
Reversal now?
Govt gives aid to 12 mn TB patients
The government has disbursed ₹3,649 crore to 12.4 million tuberculosis (TB) patients to help them with a nutritional diet, key to treating the disease, according to the health ministry official overseeing India's TB control efforts.
NCLAT issues notice to Ambuja
The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Ambuja Cements Ltd (ACL), an entity of the Adani Group, in response to a plea filed by Alok Sanghi, the former promoter of Sanghi Industries Ltd, which is now a subsidiary of ACL.
RE sector hit by weak demand, cancelled projects
India's renewable energy sector is facing obstacles including weak demand for tenders, power agreement delays and project cancellations, the Institute for Energy Economics and Financial Analysis said on Thursday.