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Indian print media continues to grow, and foreign publishers are also cashing in on the
opportunity, launching Indian editions of titles such as Forbes, Harper's Bazaar, Technology
Review, Entrepreneur, and even celebrity gossip magazines like People and Hello!.
More importantly, that 333 million includes more than 122 million literate teenagers, a large
number with no income. The current rise in literacy to 73 percent amongst the 13-to 35-year-
olds, rising incomes and a vibrant press across different Indian languages contribute to the
overall growth of the print medium.
With television news broadcasters completely focused on chasing television ratings in the 24-
hour news cycle, the medium is largely perceived as a source of entertainment, and in general
lacks the seriousness to establish credibility with its audiences, according to The Indian
Express.
The Internet, meanwhile, is just gaining a foothold, and radio continues to be the major
source of information in urban India, as in comparison to magazines, while only one in four
read books in leisure time, Indian Express reported.
The survey, conducted in November and December 2009, found that television is the largest
media with more than 77 percent of the 333 million literate people exposed to it. Newspapers
maintain their dominance at 53 percent in terms of the preferred source for news and current
affairs, with around two-thirds (63.4 percent) choosing them for credible information over
television, which had just 22.2 percent.
Although digital media around the world is being said to replace print, in India, no Web site
can measure the readership of a printed newspaper, with a print classifieds market reaching
about US$300 million, Mantri wrote.
Exemplifying this fact, a company launched by former Microsoft employee and Wharton
School graduate Sharad Lunia, is innovating print in India. ReleaseMyAd, allows customers
to print classifieds by offering an easy, seamless and transparent approach with no extra
charges, according to Mantri, writing for WSJ Blogs.