Creativity at the Centre of Economic Power
The global economy is undergoing a fundamental shift. Today, value is no longer driven solely by physical production but increasingly by creativity, intellectual property, and digital platforms. Ideas travel faster than goods, and cultural influence now plays a critical role in shaping economic strength and global partnerships. As per UNCTAD report 2024, creative industries contribute 0.5% to over 7% to GDP across various countries.
Growth of India’s Creative Economy
India is steadily emerging as a key hub in the global creative wave, driven by the rapid expansion of its media and entertainment sector. The industry was valued at ₹2.5 trillion in 2024 and is expected to grow at an annual rate of 7%, reaching nearly ₹3.06 trillion by 2027. This consistent growth reflects the increasing demand for content across platforms and the rising importance of creativity as an economic driver.
A significant share of this growth is being led by digital media, which now contributes nearly one-third of the total revenues. At the same time, high-growth segments such as Animation and Visual Effects (around ₹103 billion), Gaming (around ₹232 billion), and Live Entertainment (over ₹100 billion) are expanding rapidly. These segments are not only scaling in size but also shaping how content is created and consumed.
Together, these sectors support more than 10 million livelihoods and generate around ₹3 trillion annually. This strong contribution highlights how the creative economy is becoming an important source of employment and income, while also strengthening India’s position as a major player in the global creative economy.
AVGC-XR Fuelling India’s Next Content Revolution
This creative resurgence is most visible in the AVGC-XR sector, where technology, storytelling, and innovation come together to shape the next phase of India’s media and entertainment industry. It is in this space that India’s creative ambition meets its growing digital strength, marking a shift from simply producing content for audiences to creating engaging experiences for people around the world.
Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) are some of the most technology-driven areas of the creative economy. These fields are turning ideas and imagination into content that reaches global audiences across films, streaming platforms, advertising, and immersive digital experiences.
Gaming, in particular, has become hugely popular in India, with millions of users in both cities and rural areas. This has made India one of the largest and fastest-growing gaming markets in the world. At the same time, the country is emerging as a strong global production hub, supported by a skilled talent pool that includes both experienced professionals and a large mid-level workforce, ensuring high quality as well as the ability to deliver at scale.
The Artisanal Engine of Cultural Commerce
At the heart of India’s booming creative economy lies its handloom and handicraft sector, the world’s largest repository of artisanal wisdom. Beyond providing vital rural livelihoods, the sector champions a cultural philosophy of sustainable, responsible living. Boasting 455 distinct craft categories and 318 GI-tagged products, India is uniquely positioned to meet the rising global demand for authentic, eco-conscious goods. By transforming generational skills into high-value exports, India’s artisans are proving that cultural preservation is a powerful economic engine, firmly positioning the nation to lead the future of global creative commerce.
The Rapid Rise of Live Events
India’s 130,000 million live events industry is increasingly becoming a major platform for brands, as marketers turn to experiential marketing to enhance consumer engagement and influence purchase intent. The sector has emerged as the fastest-growing segment in India’s media and entertainment industry, valued at ₹145 billion in 2025 and expected to grow at a steady rate of 10% to reach ₹196 billion by 2028. This strong growth is driving job creation, boosting tourism, and supporting a wide range of allied industries. The Live Events Development Council (LEDC) aims to further strengthen this momentum by positioning the concert economy as a key driver of national growth and establishing India as a global hub for live events by 2030, with the potential to generate an additional 15–20 million jobs in the sector.
Impact on Employment and the Digital Generation
The growth of the creative economy is closely connected to job creation and increasing participation from young people across India. These industries are opening up new-age career opportunities for designers, animators, coders, storytellers, and digital creators, allowing them to turn their creativity into meaningful work. With projections of nearly 2,000k direct and indirect jobs in the coming decade, the sector is becoming a major employment engine, especially for the digital generation. It is not just about jobs, but also about giving young talent the chance to work on global projects, be part of international production pipelines, and even build their own scalable ideas and intellectual property.
This growth is being supported by a strong and expanding training ecosystem, along with the rise of creative hubs in different parts of the country. As a result, opportunities are no longer limited to a few big cities. Talent from smaller towns and regions can now access the same platforms, learn relevant skills, and contribute to the fast-growing global creative economy. Together, these developments are making the sector more inclusive, accessible, and full of possibilities for India’s youth.
The Orange Economy and Global Platforms
The Orange Economy is based on the idea that culture and creativity are powerful drivers of growth, where ideas can generate income and create jobs across cultural industries, creative services, and heritage sectors. For a country like India, this means using its rich cultural diversity along with digital platforms to create new economic opportunities and share its unique stories with audiences around the world. Creativity is no longer limited to art alone and is becoming a practical and valuable way for people to earn, grow, and contribute to the economy.
To support this growth, India is actively building platforms that connect creators with global markets and investors. This is being done through international events, startup support systems, content and intellectual property marketplaces, and various talent development programs. These efforts are helping creators not only showcase their work but also find the right opportunities, funding, and partnerships to scale their ideas globally.
As a result, India’s creative economy is expanding at a fast pace, with its talent contributing to global content across industries. Many cities are also emerging as important cultural and creative hubs, offering more space and support for innovation. With continued focus on skill development, better infrastructure, and stronger global access, creativity is steadily becoming a reliable and sustainable driver of economic growth in India.
Latest Post
From Creativity to Global Leadership: India’s Orange Economy is Shaping the Future
Creativity at the Centre of Economic Power The global economy...
Read MoreFostering India-Japan Ties
The India-Japan relationship has significantly matured. Over time, it has...
Read MoreFrom Grassroots to Growth: Building an Inclusive India Through Local Innovation
India’s greatest strength lies in its grassroots communities, where local...
Read MoreIndia’s Trade Diplomacy Rewriting Its Place in the Global Economy
Today, the global economic order is undergoing a profound change....
Read MoreThe Next Chapter for Indian MSMEs
India’s Micro, Small and Medium Enterprises (MSMEs) sector has long...
Read More