Creative Economy is India's Next Growth Frontier, New Employment Opportunities to Open for Youth: Dr. L. Murugan
Minister of State for Information and Broadcasting Dr. L. Murugan stated that the creative economy is creating new opportunities for youth, with the AVGC sector requiring 2 million skilled professionals by 2030.
Dr. L. Murugan, Minister of State for Information and Broadcasting and Minister of State for Parliamentary Affairs, delivered the opening address at the Jindal Policy Conference focused on 'Law, Policy, and the Creative Economy' held at O.P. Jindal Global University. On this occasion, he discussed in detail the rapid growth of India's creative economy and the possibilities it holds for young Indians.
Dr. Murugan explained that this economy, driven by ideas, imagination, culture, innovation, and intellectual property, is progressing rapidly. He noted that sectors such as film, music, gaming, animation, design, publishing, advertising, and digital content are providing new opportunities for employment and entrepreneurship. Citing data, he mentioned that the creative economy contributes 3.1 percent to the global GDP and 6.2 percent to global employment. India's media and entertainment economy is valued at 2.5 trillion rupees, and it is estimated that 57 million Indians are already engaged in cultural and creative businesses.
Emphasizing opportunities for the youth, the Minister stated that the AVGC (Animation, Visual Effects, Gaming, and Comics) sector alone is expected to require approximately 2 million skilled professionals by the year 2030. In this direction, the government has announced support for Indian Creative Technology Institutes and AVGC Creator Labs in 15,000 schools and 500 colleges to equip youth with future skills.
Dr. Murugan stressed that the growth of the creative economy requires a robust legal and policy framework. This should include copyright protection, provisions for fair compensation for creators, and the responsible use of Artificial Intelligence (AI). He called upon the youth to question institutions based on logic and evidence and to contribute their skills and ideas toward building a developed India by the year 2047.
