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Prabhudas Lilladher Report
The Ministry of Education recently released a pre-draft of National Curriculum Framework for school education. As this is a key document based on which new curriculum will get re-designed, it would make second hand books market redundant and result-in significant volume delta for book publishers.
Substantial yield advantage would also accrue as repricing at a higher level becomes easier post curriculum revamp.
We believe policy change would result-in strong growth for book publishers over a period of two-three years, as substantial volume/price delta is in the offing.
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