India’s book market, currently worth Rs 261 billion making it the sixth largest in the world and the second largest of the English language ones, is expected to touch Rs 739 billion by 2020, says a survey.

“Nielsen India Book Market Report 2015: Understanding the India Book Market” was conducted in association with Association of Publishers in India (API) and the Federation of Indian Publishers (FPI) to evaluate the opportunities and challenges facing the industry, as well as where its future lies.

The study estimates a CAGR (compound annual growth rate) of 19.3 per cent for the industry in the next five years.

However, the Indian book industry receives no direct investment from the government – “a serious roadblock for publishers,” the report says. Read more.

See: India TV News