New Delhi, May 13 -- India ranks 14th in the global music market, but for the world's largest music company Universal Music Group that operates in over 60 countries, India is one of the most promising markets along with China.

Adam Granite, Universal Music Group's (UMG) chief executive for Asia, Africa, and the Middle East, who was in Mumbai last week, spoke to Mint on the company's vision for India in the next few years and its willingness to invest for faster growth. Edited excerpts.

Where does India currently stand for Universal Music Group and where do you see it in the next 5 years?

India currently ranks 14th globally in the music market. However, given its population and growth potential, we anticipate significant upward movement...