FM radio industry has flourished, 388 private stations in 2022 June quarter: Economic Survey

The Indian FM radio industry has flourished in the last few years with the number of such private stations going up to 388 in the quarter ending June 2022 from 243 in December 2015, according to the Economic Survey 2023 released Tuesday.

“The rising number of FM radio stations depicts how radio as mass media has satisfactorily delivered on their mandate of public service and stood strong with the people during the time of the pandemic,” the Survey stated.

The Economic Survey also spoke of the role played by community radio stations stating that it targeted local and well-defined communities, while FM increased its outreach to even far-flung rural areas.