What are the effects of growth of readership and expansion of market inbooks and novels
Answers
India’s literacy rate has seen significant improvement over the past decade, thanks in part to government investments in education. According to the 2009 National Youth Readership Survey, three out of four youths in the country are literate, and a quarter of the youth population (an astonishing 83 million) identify themselves as book readers. By 2020, the country’s literacy level is projected to reach 90%.
And that has huge implications for the global book industry.
India is currently the world’s second-most populous country with over 1.28 billion people. And population growth forecasts estimate that India will surpass the most populous country today, China, by the end of 2030, with a population of some 1.53 billion.
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