Creative Economy Will Have a Major Share in India’s GDP

 Creative Economy Will Have a Major Share in India’s GDP

– Prime Minister Narendra Modi

Grand Inauguration of World Audio Visual and Entertainment Summit 2025 (WAVES) by the Prime Minister

 

Mumbai, May 1: India’s Orange Economy stands on three strong pillars – content, creativity, and culture. In the coming years, India’s creative economy will hold a significant share in the country’s GDP. The global animation market is currently worth over $430 billion and is expected to double in the next 10 years. The WAVES summit will open new doors of success for India's animation and graphics industry, said Prime Minister Narendra Modi.

Prime Minister Modi inaugurated the World Audio Visual and Entertainment Summit 2025 (WAVES) in a grand ceremony held at the Jio World Convention Centre in Mumbai. The event was attended by Governor C.P. Radhakrishnan, Chief Minister Devendra Fadnavis, Union Ministers Ashwini Vaishnaw (Railways and I&B), S. Jaishankar (External Affairs), Dr. L. Murugan (MoS I&B), Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and several national and international dignitaries.

Indian films have now reached audiences across the globe. Today, Indian films are screened in more than 100 countries. Foreign audiences are not just watching Indian films but also trying to understand them. A notable aspect of Indian cinema is that many international viewers are watching Indian content with subtitles. India has become a global hub for film production, digital content, gaming, fashion, and music, Modi said.

We Must Enrich Humanity Without Turning It into a Machine – PM Modi

"We must not turn humans into machines; instead, we must make them more enriched and sensitive," the Prime Minister said. Human progress cannot be measured solely by information, technology, or speed — music, art, and dance must also be given importance. Creative individuals, through their energy and efficiency, can give new shape to a creative revolution, he said, urging creative people worldwide to make India a hub of global creativity.

Today, the world is searching for new ways to tell stories and concepts. India has a priceless treasure of stories and ideas spanning thousands of years. Modi called for spreading this treasure to every corner of the world and presenting it to future generations in new and engaging ways.