India's Music Industry: Poised for Explosive Growth

IFPI chief executive Victoria Oakley has recently emphasized the remarkable opportunities within the Indian music market, signaling significant developments on the horizon.

IFPI CEO Hails 'Extraordinary Potential'

Speaking at the All About Music conference in Mumbai, Oakley stated that India’s music industry holds “extraordinary potential” to lead the next wave of global music consumption. This assessment underscores the growing importance of India as a key player in the international music landscape.

Official Charts Coming to India

In a landmark move, Oakley confirmed that the IFPI is collaborating with local partners, including Indian affiliates of major international record companies, as well as both local and global DSPs (Digital Service Providers), to launch official music charts in India. This initiative is expected to provide greater transparency and accuracy in tracking music consumption trends within the country. These charts will offer valuable insights into the most popular artists and songs, benefiting both the industry and music fans alike.

Implications for the Music Industry

The establishment of official charts in India is a major step towards further legitimizing and professionalizing the country’s music industry. It is anticipated that this development will attract increased investment, foster greater competition, and ultimately benefit both artists and consumers.

About Victoria Oakley

Victoria Oakley is the Chief Executive Officer of the IFPI, the organization that represents the recorded music industry worldwide. She is a leading voice advocating for the rights of musicians and record companies globally.

For more information, you can read the original article on MusicWeek.com.