Friday, March 04, 2011

Book piracy in India

Ritwik Mukherjee writes in the Financial Chronicle that, " ... one-fourth of India’s total book market (which is estimated to be between Rs 5000 and Rs 7000 crore, except educational and text books) is dominated by pirated books. That’s what publishers and digital book sellers estimate." (That would be one quarter of between 1.0 and 1.5 billion USD, if my maths is right.)

That is about right, isn't it? India is, probably, the only country in the world where one can find books sold along pavements and bazaars. Though many of them are 'best sellers', I have been surprised at the number of 'serious' titles I have seen by the roadside. Many are books one will not find even on Amazon! One wonders what their production cost is: next to nothing? (A local writer once said that he would be flattered if anyone pirated his book.)

But with the digital age upon us, piracy in India must be even simpler. Online booksellers in the India sell over 10,000 books daily, worth an estimated Rs 100 crores (USD25 million). But even more exciting is the e-book sales, which has been described as phenomenal, growing at a rate of 50 to 70% annually.

Rahul Sethi, president, of e-commerce, ibibo Web, which owns Tradus.in, India’s fastest growing online shopping portal with special focus on books, says: "With piracy swelling up, publishers will be increasingly turning towards the online digital medium for the sale of their books."

That is strange. Wouldn't it be much easier to rip off digital books?

Financial Chronicle