India’s ambitious push to transform its Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector into a global creative powerhouse. Here are the key takeaways from the latest developments: India’s Creative Economy at an Inflection Point - Projected to cross USD 100 billion by 2030, driven by digital innovation and creative-tech growth. - The sector is growing at a 7% compound annual rate, expected to reach ₹3,067 billion by 2027. - India offers a 40–60% cost advantage in animation and VFX services, attracting global projects. Institutional Framework - AVGC Promotion Task Force (2022): Recommended a National AVGC-XR Mission with a “Create in India” focus. - Indian Institute of Creative Technologies (IICT): Established in 2025 as a Section 8 company, partnering with Netflix, Google, Microsoft, NVIDIA, and others. - National Center of Excellence (NCoE): Approved in 2024, serving as the apex body for training, research, and industry collaboration. Policy Momentum - Karnataka: Implemented a dedicated AVGC-XR Policy 2024–2029. - Maharashtra: Approved AVGC-XR Policy 2025, backed by ₹3,268 crore and a roadmap extending to 2050. - Cinematograph (Amendment) Act, 2023: Introduced strong anti-piracy provisions and modernized film certification. - National Broadcasting Policy: Being developed to integrate traditional broadcasting with digital platforms. Global Impact - Indian studios contributed to Avatar, Thor: The Dark World, Game of Thrones, and RRR, showcasing world-class VFX capabilities. - Nearly 25% of Indian OTT viewership comes from overseas audiences, strengthening India’s role in cultural diplomacy. Innovation & Enterprise - Rise of homegrown gaming titles like BGMI, FAU-G, Raji: An Ancient Epic, and Indus Battle Royale. - Indian comics (Suppandi, Chacha Chaudhary, Tenali Raman) are being adapted into animated series and films. - Startups in XR and immersive storytelling are attracting global investor interest. The Road Ahead - Focus on IP-led animation projects, gaming & eSports ecosystems, and XR applications across education, tourism, defence, and healthcare. - Integration of AVGC-XR courses into mainstream education and creation of a national talent registry. - Strengthening intellectual property frameworks to support “Create in India” and “Brand India” initiatives. India’s AVGC-XR revolution is not just about entertainment—it’s about positioning the country as a global hub for creative technology, storytelling, and innovation.
© Travel Media. All Rights Reserved. Privacy