Did you know that India has the most printing presses of any country in the world? The value of the print industry across India was over 225 billion Indian rupees in 2021.
This was further expected to exceed 250 billion rupees by 2024, indicating a compound annual growth of around 3 percent.The employment in the Indian Printing sector has also increased over the last decade and was estimated to cross the 90 thousand mark in 2022.Increase in literacy rates across the country has fuelled the growth of the Printing industry in India.
Market SizeThe estimated annual turnover of the Indian printing industry, including all parts, is more than Rs.50,000 crores. That's about $11 billion in US dollars.
Over 250,000 printing companies make up India's printing industry, which is rising at a rate of 12% per year. The company's current annual revenue exceeds INR 50,000 crores (US$11 billion).