It has also been instrumental in launching the IMMIES music awards in collaboration with MTV.

[3] As of 2017, 216 million Indians use music streaming services such as YouTube, Hungama, Gaana and JioSaavn.

[8] Later in the 2000s, the industry transitioned to online streaming, bypassing CD and digital downloads.

The approved scheme of gold/platinum disc standards effective for sound recordings of member companies released in one calendar year is as below: IMI launched International Top 20 Singles chart, the first official music industry recognised record chart in India, on 21 June 2021.

[9][10] The first number-one song for the chart dated 21 June 2021, was "Butter" by BTS.

Like many other Asian countries, domestic repertoire accounts for the majority of the Indian music market.