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Author Ramachandra Guha, who has clinched a Rs 9.7 million (Rs 97 lakh) deal with Penguin India for seven books, feels it would encourage young authors to take to writing non-fiction. "It (the deal) is a welcome acknowledgement of the imbalance between fiction and non-fiction. Fictional genres like poetry, prose and novels always had a great place in literature, but non-fiction is also important. This would encourage young authors to write non-fiction," Guha said. The author, who is
working on Makers of Modern India and The Past and Future of
Indian Democracy, described the deal as a part of his writing
process. "For instance, at this moment I am sitting in front of my computer writing a column for a leading national daily. So, I may sound a little brusque," he laughed. Under the deal with
Penguin India, Guha will write seven books, including a two-volume
biography of Mahatma Gandhi, spread over 2010-15. The book publishing and
the market in India, according to industry surveys, is pegged at
approximately Rs 100 billion (Rs10,000 crore) and is growing at a rate
of nearly 10 per cent. Guha’s book deal is an example. Three high-profile bidders were in the fray for the deal and Random House reportedly offered him Rs 10 million (Rs 1 crore). HarperCollins India had also bid, with an offer matching the Penguin bid, HarperCollins CEO P.N. Sukumar said. But Guha and his agent
Gill Coleridge opted for Penguin. Penguin had paid Rs 5.5 million (Rs
55 lakh) for Amitav Ghosh’s Ibis trilogy — of which Sea
of Poppies was the first book. Nandan Nilekani fetched Rs 2.5
millon (Rs 25 lakh) for Imagining India and Arvind Adiga raked
in Rs 1.3 million (Rs 13 lakh) for the Man Booker winner White
Tiger, according to reports. Author Advaita Kala,
whose debut novel Almost Single has sold 40,000 copies in India
since its release in 2007, says book auctions involving multiple
bidders help novelists get the right price and publisher for their
works. The young novelist felt this was a great time for popular commercial fiction writers, "though non-fiction in India was picking up like in the West". Literary agents say the average advance for first-time authors and relatively new novelists in India was in the region of Rs 25,000-50,000, though it could sometimes be as low as Rs 10,000- 20,000 depending on the writer and the publisher. Sukumar said the quality of writing has improved over the years, along with the market, because of the high literacy level and higher incomes paving the way for bigger advances. "And the difference between advances paid to established authors in India and abroad is not much any longer," he said. Omair Ahmad, whose book The Storyteller’s Tale was published by Penguin India, said the trend could see more stories about India being told. However, publishing industry veteran Yogesh Sharma, formerly with HarperCollins, sounded a note of caution. "The hype could result in a highly inflated market." — IANS
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