Showing posts with label Tarun Tejpal. Show all posts
Showing posts with label Tarun Tejpal. Show all posts

Sunday, February 10, 2008

Making an advance

I recently read this article in the Outlook magazine that enthusiastically talks about The Big Fat Indian Advance (Words worth millions).

Sheela Reddy mentions all the hefty advances Indian publishers are doling out to writers like Nandan Nilekani, Dev Anand and Amitav Ghosh these days:

Something funny is going on in the famously tight-fisted circle of Indian publishers. For the past few months, they have been punting dizzily on manuscripts by untried Indian authors, coughing up millions of rupees in advance royalties. The buzz about the boom in Indian advances has spread so fast that publishers and literary agents heading West with Indian manuscripts are swerving right back home, demanding five and six-figure dollar advances that rival those in the UK or Europe.

Here's a list of authors and their chunky advances (Thanks Saja).

Palash Mehrotra - The Butterfly Generation - $20,000 (Rs 8 lakh)
Aravind Adiga - The White Tiger - $35,000 (Rs 14 lakh)
Tarun Tejpal - The Story Of My Assassins - Rs 22 lakh
Dev Anand - Romancing With Life - Rs 15 lakh
Nandan Nilekani - Imagining India - $35,000 (Rs 14 lakh)
Amitav Ghosh - Sea Of Poppies Trilogy - $110,000 (Rs 44 lakh)
Tony D’Souza - The Konkans - Four to Five thousand pounds (Rs 3-4 lakh)
Shrabani Basu - Victoria & Abdul - $16,000 (Rs 6.3 lakh)

Interestingly, as SAJA has noted, Tarun Tejpal's Indian advance was larger than what he reportedly was offered by an Italian publisher. And for literary fiction, $20,000 to $30,000 for a first time author, even in the U.S., is nothing to sneeze at.

Apparently, the increased advances are generating great buzz. For example, a bidding war broke out over rights to Aravind Adiga's (photo, above) White Tiger. Harper Collins finally won. I am not surprised. Arvinda is a high profile guy: he was (?) a book reviewer for the Time magazine. And a good writer.

The episode on the competition for rights to Amitav Ghosh's trilogy is also very interesting: "Ghosh's agent, Barney Karpfinger, asked the six major rival houses here to not only read the manuscript of the first in the trilogy, Sea of Poppies, but demanded a presentation from each of them: on editing, marketing and positioning on their lists. After that, the bids. It was perhaps the most fiercely fought bidding war on Indian soil for an Indian book, soaring to new and unprecedented heights. It closed—or rather, was brought artificially to a close—somewhere in the region of 1,10,000 dollars (Rs 44 lakh). For the first time, the winning bid was slightly lower than the losing one. After a point, as the winning publisher, Ravi Singh of Penguin, puts it, "It's not only about money, but what you bring to the table in terms of editing and marketing."

Reasons cited for this leap in advances are the changing market conditions brought on by a middle class readership of some 300 million people, along with higher prices for some books. Though I am not sure about this middle class surge thing (as a research paper by two MIT economists, Abhijit Banerjee and Esther Duflo, cited in The Economist, has shown how even a shopkeeper with a few bars of soap and some other basic stuff on the racks qualifies to be a part of this so called Indian middle class), I think it was time the advances caught up with India's working class's salary rises and inflation. Ten years ago, people who were earning Rs 10,000 are now earning 5 to ten times more in the metros. This change needed to be reflected in the book industry. Moreover, as a young aspiring India gets better educated (a large chunk of the Indian population is under 25 and getting literate), demand for books will grow (with growing disposable income). That's why foreign firms have set up businesses in India. Good for Indian writers.

More

Read on rising advances for homegrown talent in "The Dollar-Rupee Conversion:"

In theory, the growth of bookchains and at least seven major publishers in the trade should mean fierce auctions for new books by authors based here. But, in practice, it's mostly diaspora writers who are rushing in to fill the gap. For instance, Singapore-based writer Preeta Samarasan's novel, Evening is the Whole Day, got publishers here into a bidding war. HarperCollins finally bagged the manuscript at around Rs 3 lakh.

Saturday, October 27, 2007

The dark side of a shining India

These days, a political storm is blowing in India.

The recent Tehelka expose on the Post-Godhra riots in Gujarat is the reason behind this storm. In his editorial, Tehelka's editor Tarun Tejpal asks us to be afraid:

Of the many things that are uniquely appalling about Gujarat 2002, three are particularly disturbing. The first that the genocidal killings took place in the heart of urban India in an era of saturation media coverage — television, print, web — and not under the cloak of secrecy in an unreachable place. The second that the men who presided over the carnage were soon after elected to power not despite their crimes but seemingly precisely because of them (making a mockery of the idea of the inevitable morality of the collective). And finally — as TEHELKA’s investigation shows — the fact that there continues to be no trace of remorse, no sign of penitence for the blood-on-the-hands that — if Shakespeare and Dostoyevsky are to be believed — is supposed to haunt men to their very graves.

Like Germany and Italy once, Gujarat begs many questions. How do a non-militant people suddenly acquire a bloodthirsty instinct? Does affluence not diminish the impulse to savagery? Does education not diminish the impulse to bigotry? Do the much-vaunted tenets of classical Hinduism not diminish the impulse to cruelty? If tolerance and wisdom will not flourish in a garden of well-being and learning, in the very land of Mahatma Gandhi, then is there any hope for these things at all?

I also read this piece of news on NDTV.com, which is relevant, but not directly related to the political issue at hand. It is about the effectiveness of affirmative action in India or its lack thereof. I had first seen this information by the researchers of Princeton University who had written a letter in The Economist last week. Here's the news from NDTV:

The private sectors' refrain that affirmative action is good enough may not stand now. Fresh studies have proved that there is discrimination in employment.

It was subject of much dispute - many had been saying it, others contesting it. On Friday, a study was released by the Indian Institute of Dalit Studies in collaboration with Princeton University.

The study was conducted against 548 job advertisements with 4808 applicants over 66 weeks, across five metros.

It reveals that in fact a person's caste and religion could be a hindrance in getting a job, despite equal qualification.

The study says that a dalit had 60 per cent less chances of being called for an interview, and a Muslim had 30 per cent less, as against their higher caste peers.

I have many friends from India's minority community who work and live abroad and they don't want to go back to a 'shining' India so readily. You can see why. It is sad but true and I hope things change fast in my country so that people of all faiths feel safe and secure and participate in its historic moment of progress with equal measure.