trend of piracy in india
Answers
The trends of piracy in India are quite negative. Before we go into any details of piracy and its effects on certain industries, let’s first know what piracy is. According to Oxford Advanced Learner’s Dictionary: “Piracy is the act of making illegal copies of DVDs, computer programs, books, etc, in order to sell them. Now, you must have come to know which industry suffers the most from piracy. Yes you are right. The film industry, software companies, video-games companies, and the book publishing companies suffer the most. According to a report prepared by Neelam Verjee Piracy deprived the Indian entertainment industry of some $4 billion (Rs16,240 crore), or almost 40% of potential annual revenues, as well as around 820,000 jobs. Ron Summers, Ernst and Young (E&Y), business council’s president describes the losses as “massive”. Financial analysts believe it to be quite detrimental to the economy as whole.
With the unprecedented use of internet and its influence on entertainment industry, the problem of piracy has become much more complex. Stricter legal laws are needed to stop the ever increasing menace of piracy. This problem is quite controllable. All we need is the concerted efforts from the industries that are being affected by piracy. Besides controlling the piracy through technology and legally, people should be encouraged not to buy pirated DVDs or other software.