IFPI: India leading rapid growth in emerging music markets
India is heading a list of emerging markets that are seeing rapid growth and “helping fuel the industry’s recovery,” according to the IFPI.
The figures come in the international trade body’s Recording Industry in Numbers 2013 report.
India’s recorded music revenues reached an all time high in 2012 totaling $146.7 million - up 22.1% year-on-year.
It’s physical revenue stood at $45.4m compared to $51m in 2011 but digital reached $88.4m, up $31m from 2011.
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