Indian Music Industry Statistics 2026

Sourced Indian music industry statistics for 2026: market size, global rank, streaming users, subscriptions, per-stream rates, royalties and live events.

Key facts

Market size: India's music segment grew 10% to ₹59 billion in 2025, according to the FICCI-EY report reported by Music Business Worldwide in April 2026.
Global rank: India was the 14th largest recorded music market in 2025, according to IFPI CEO Victoria Oakley in Business Standard.
Subscriptions: Music streaming subscriptions in India rose 37% to 14.4 million in 2025, according to FICCI-EY via Music Business Worldwide.
Per-stream rate: An audio play or video view in India earns 2 to 5 paise, IMI chairman Vikram Mehra said in 2025, according to Music Ally.
Artist royalties: Royalties generated by Indian artists on Spotify rose 29% in 2025, according to Spotify's India Loud and Clear report.
Live events: India's live events segment grew 44% in 2025, according to EY.

India's music segment was worth ₹59 billion in 2025, up 10% from ₹53 billion in 2024, according to the FICCI-EY report published in March 2026. India ranked as the world's 14th largest recorded music market in 2025, according to IFPI. The numbers below are grouped by topic, and each one names its source and year.

Last updated 24 October 2026

How big is the Indian music industry in 2025 and 2026?

India's music segment grew to ₹59 billion in 2025 from ₹53 billion in 2024, according to the FICCI-EY report as reported by Music Business Worldwide in April 2026.
Music Business Worldwide converted the 2025 figure to about US$677 million.
The FICCI-EY report forecasts the music segment will reach ₹75 billion by 2028, a compound annual growth rate of 9%, according to Music Business Worldwide.
IMI chairman Vikram Mehra put the revenue of India's recorded music industry at Rs3,500 crore, about US$387 million, for 2025, according to Music Ally in December 2025.
India's wider media and entertainment sector reached INR2.78 trillion, about US$32 billion, in 2025, according to EY.

The FICCI-EY figure and the IMI figure measure different things, so they should not be compared directly.

FICCI-EY measures the whole music segment, while the IMI figure covers recorded music revenue.

The Indian Music Industry, or IMI, is the trade body that represents record labels in India, according to Wikipedia.

Where does India rank among global music markets?

Global recorded music revenues grew 6.4% to US$31.7 billion in 2025, according to IFPI's Global Music Report 2026.
India was the 14th largest recorded music market in 2025, according to IFPI CEO Victoria Oakley in a Business Standard interview in April 2026.
India's recorded music revenues grew 4.6% in 2025, according to the same Business Standard interview.
India ranked 23rd in 2016, according to Oakley in Business Standard.
In remarks reported in Music Ally's 2025 round-up, Oakley said "In the past 18 months, we haven't seen growth in India".

India's rise from 23rd to 14th in nine years is one of the clearest single statistics on the market's growth.

How many people stream music in India?

178 million people streamed music in India in 2025, according to the FICCI-EY report as reported by Music Business Worldwide.
The number of audio streamers had been around 210 million in 2022, according to the same report.
192 million people used music streaming services for free in India, IFPI's Victoria Oakley said at the All About Music conference in 2025, according to Music Ally.
20 million people were paying for a music subscription, Oakley said at the same event, according to Music Ally.

The FICCI-EY and IFPI user counts come from different methods and dates, which is why they do not match.

How many music subscriptions are there in India?

Music streaming subscriptions in India rose by nearly 4 million, or 37%, to 14.4 million in 2025, according to FICCI-EY via Music Business Worldwide.
Subscriptions stood at 4.6 million in 2022, so they more than tripled in three years, according to the same report.
Only about 8% of India's 178 million music streamers were paying in 2025, according to FICCI-EY.
FICCI-EY attributed the growth to measures by streaming platforms to discourage free usage, according to Music Business Worldwide.
Free users surveyed for the report said they would shift to YouTube (66%), turn to piracy (25%) or stop listening on apps (19%) if free access ended, according to Music Business Worldwide.

Spotify Premium launched in India at Rs119 a month in February 2019, according to Spotify's newsroom.

What changed between 2022 and 2025?

Music subscriptions in India rose from 4.6 million in 2022 to 14.4 million in 2025, according to FICCI-EY via Music Business Worldwide.
Over the same period, the number of audio streamers in India fell from around 210 million to 178 million, according to the same report.
India's music segment grew from ₹53 billion in 2024 to ₹59 billion in 2025, according to FICCI-EY.

Taken together, these figures show a market with fewer streamers but more of them paying for a subscription.

How much does a stream earn in India?

An audio play or video view in India earns between 2 and 5 paise, IMI chairman Vikram Mehra said at All About Music in 2025, according to Music Ally.
The upper end of that range was down from 10 paise, the figure cited at the same conference in 2019, according to Music Ally.

At 5 paise a stream, one lakh streams would earn ₹5,000, before any split between label, distributor and artist.

Discography tracks how this plays out for self-released artists in its guide to Indian indie streaming income.

How much music is streamed in India?

Indians made 235.5 billion on-demand audio and video plays in the first half of 2025, according to Luminate's mid-year report cited by Music Ally.
India was second only to the US on that measure, according to Music Ally.
Indian artists drew 335 billion streams on Spotify in 2025, according to Spotify's India Loud and Clear report.
Listeners made 12.8 billion first-time discoveries of Indian artists on Spotify in 2025, according to the same report.

What do Indian artists earn from streaming?

Royalties generated by Indian artists on Spotify rose 29% in 2025, according to Spotify's India Loud and Clear report published in September 2026.
The number of Indian artists generating over Rs1 crore on Spotify rose 21% in 2025, according to Spotify.
The number of Indian artists generating over Rs5 crore on Spotify has doubled since 2023, according to Spotify.
More than 40% of royalties generated by Indian artists on Spotify came from listeners outside India, according to Spotify.
Indian artists made up 90% of the Spotify Top 50 India chart, according to Spotify.
Royalties for Telugu music on Spotify grew more than 120%, according to Spotify.
Streams of Haryanvi music on Spotify grew nearly sevenfold, according to Spotify.

For artists choosing a route to these platforms, the music distribution comparison for India lists the main services.

How big is live music in India?

India's live events segment grew 44% in 2025, according to EY.
Lollapalooza India's fourth edition, held on 24 and 25 January 2026 at Mahalaxmi Racecourse in Mumbai, drew more than 65,000 people across two days, according to Music Ally citing sources.
Music Ally reported that BookMyShow did not provide official attendance figures for that edition.

The 2026 music festivals in India calendar lists upcoming events.

Which Indian music statistics are most often cited?

₹59 billion, the size of India's music segment in 2025, from FICCI-EY.
14th, India's global rank in recorded music in 2025, from IFPI.
14.4 million, India's music subscriptions in 2025, from FICCI-EY.
2 to 5 paise, the per-stream rate in India in 2025, from IMI's Vikram Mehra.
29%, the 2025 growth in Spotify royalties generated by Indian artists, from Spotify.

How should these statistics be cited?

Cite the original publisher named in each line, such as FICCI-EY, IFPI, IMI or Spotify, along with the year the figure refers to.

Several numbers above come from conference remarks reported by Music Ally rather than from published reports.

Company figures from Spotify cover only Spotify and do not describe the whole market.

Currency conversions are the publisher's own and were not recalculated here.

FAQ

How big is the Indian music industry?

The FICCI-EY report put India's music segment at ₹59 billion in 2025, up from ₹53 billion in 2024, according to Music Business Worldwide. IMI chairman Vikram Mehra put recorded music revenue at Rs3,500 crore for 2025, according to Music Ally.

What is India's global rank in recorded music?

India ranked 14th in 2025 and grew 4.6%, according to IFPI CEO Victoria Oakley in a Business Standard interview.

How many people pay for music streaming in India?

FICCI-EY counted 14.4 million music subscriptions in 2025, according to Music Business Worldwide. The same report found that about 8% of India's 178 million music streamers were paying.