The creators hard work now has started to show results when their contribution to India’s economy started to be reflected in numbers. The Indian government has also recognized the contribution of creators in Indian economy and named it a Creators Economy.
Recently, Union Information and Broadcasting Minister Ashwini Vaishnav announced that the Indian government will invest $1 billion to boost the creator’s economy.
Union Minister @AshwiniVaishnaw addresses Press Conference on WAVES 2025.
— All India Radio News (@airnewsalerts) March 13, 2025
Union Minister announces, A billion dollar fund will be created for creators economy. #WAVES2025 @WAVESummitIndia @PIB_India #WAVESummitIndia pic.twitter.com/Gc3H5v2UgI
How the $1 billion amount to boost the creators economy will be utilized?
This huge amount will be utilized to enhance the skills of creators, upgrade their production and make their products good enough to compete at the global level.
To promote this idea, India is also going to organize WAVES 2025 with the dual collaboration of the Union Ministry of Information and Broadcasting and the Maharashtra government, which will be held from 1st May to 4th May at Jio Convention Centre, Mumbai.
What is WAVES 2025 and how it will be useful for creators economy?
The World Audio Visual & Entertainment Summit (WAVES) is a highly esteemed and globally recognized event that serves as a platform to showcase India’s dynamic and rapidly growing Media and Entertainment sector.
This summit brings together a diverse range of international stakeholders, including industry leaders, innovators, policymakers, and creative visionaries. It provides an opportunity for these professionals to collaborate, exchange ideas, and explore emerging trends that are shaping the future of the entertainment industry on a global scale and will boost the creators economy.
By focusing on India’s pivotal role in the worldwide media landscape, WAVES aims to drive forward-thinking discussions, foster innovation, and create pathways for sustainable growth in the industry.
Thoughts of the biggest voices in India on WAVES 2025
The intersection of creativity, media and technology is transforming the media landscape of the world; WAVES will give creators a platform to create high-value content: Union Minister Ashwini Vaishnaw.
Waves 2025 is a movement underscoring the evolving role of media in technological advancements and social transformation: Chief Minister of Maharashtra Shri Devendra Fadnavis.
WAVES 2025 will serve as a pivotal platform for fostering discussions, collaboration, and innovation for the Media and Entertainment industry: Union Minister Dr S Jaishankar