In 2022, the size of the informal sector of the music industry in India was approximately 3.5 trillion Indian rupees. The formal music sector that included recording, publishing, live music, and digital streaming accounted for merely a fraction of the informal sector's market size. According to the source, the informal music industry of India comprises brass bands, music instrument manufacturers, DJs, and sound engineers.
Market size of the formal and informal sectors of the music industry in India in 2022
(in billion Indian rupees)
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Indian Music Industry. (September 4, 2022). Market size of the formal and informal sectors of the music industry in India in 2022 (in billion Indian rupees) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/
Indian Music Industry. "Market size of the formal and informal sectors of the music industry in India in 2022 (in billion Indian rupees) ." Chart. September 4, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/
Indian Music Industry. (2022). Market size of the formal and informal sectors of the music industry in India in 2022 (in billion Indian rupees) . Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/
Indian Music Industry. "Market Size of The Formal and Informal Sectors of The Music Industry in India in 2022 (in Billion Indian Rupees) ." Statista, Statista Inc., 4 Sep 2022, https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/
Indian Music Industry, Market size of the formal and informal sectors of the music industry in India in 2022 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/ (last visited December 21, 2024)
Market size of the formal and informal sectors of the music industry in India in 2022 (in billion Indian rupees) [Graph], Indian Music Industry, September 4, 2022. [Online]. Available: https://www.statista.com/statistics/1376786/india-size-of-the-formal-and-informal-music-industry/
