Abstract:
Rapidly rising serial prices has affected many libraries all over the world. Libraries are unable to serve their readers with the required journals they need. One of the main causes of these problems is cost of journal subscription which gets increased every year, which directly affect the library’s budget and because of these libraries are subscribing to fewer journals titles. Hence libraries are facing a problem called ‘Serials Crisis’. This study was conducted on Goa University Library, Goa to see the impact of serials crisis on the journal subscription of the library. Past ten years data (i.e. 2004 to 2014) was collected from the periodical section of the Goa University Library which shows the average subscription cost on journals. This study highlights the problems and discusses possible solutions including the emergence of open access as one of the solutions.
