Each year, 20,000 to 25,000 original songs are made by over
40,000 music creators in India (this excludes remixes and music by
the unorganized sector). Music is integral to streaming, films,
television, radio, gaming, and social media. It helps generate over
INR 12,000 crore of revenue in India, which is around 6% of the
media industry. Indian songs are amongst the most popular in the
world - they hold seven spots on the Top Ten YouTube Global Charts
for 2022.
Of the INR 12,000 crore generated by music, recorded music
revenues of labels have crossed INR 2,500 crore in 2022, while
music publishing revenues will approximate INR 884 crore in
2022-23. However, India's global revenue ranking is far behind
other developed markets.
