By News On Air May 01, 2025
Prime Minister Narendra Modi has said that today India is emerging as a global hub for film production, digital content, gaming, fashion, music, and live concerts. Mr Modi said this after inaugurating the World Audio Visual and Entertainment Summit (WAVES) 2025 at the Jio World Centre, Mumbai.
He noted that the global animation market has vast potential, currently valued at over 430 billion dollars and projected to double in the next decade. The prime minister highlighted that this presents a significant opportunity for India’s animation and graphics industry. Mr Modi urged stakeholders to leverage this expansion for greater international reach.
The Prime Minister said that WAVES is not merely an acronym but a wave representing culture, creativity, and universal connectivity. Emphasising the immense potential of India’s creative economy, he stated that in the coming years, its contribution to the country’s GDP is set to increase significantly. He said that WAVES is attracting global attention, as artists, innovators, investors, and policymakers from over 100 countries have gathered under one roof. He lauded the WAVES Bazar initiative, saying that it will encourage innovators and creators.
Mr Modi underscored the deep cultural roots of India, stating that every street has a story. Underscoring the importance of creative responsibility in a technology-driven 21st century, he emphasised that as technology increasingly influences human lives, extra efforts are needed to preserve emotional sensitivity and cultural richness.
The prime minister extended an invitation to the global creative community, assuring them that engaging with India’s stories will reveal narratives deeply resonant with their own cultures. He emphasised that India’s rich storytelling tradition carries themes and emotions that transcend borders, creating a natural and meaningful connection.
Prime Minister Modi said that Indian films are now reaching every corner of the world, and today Indian films are released in more than 100 countries. He said the OTT sector in the country has witnessed tremendous growth.
Mr Modi added that this is the right time to “Create in India and create for the world.” The Prime Minister appealed to investors to invest in people, not just in platforms. He urged the youth of the country to tell India’s billions of stories to the world.