Home / Business and Economy / India Budget 2026: Creator Economy Gets Major Boost
India Budget 2026: Creator Economy Gets Major Boost
1 Feb
Summary
- 15,000 schools and 500 colleges will get AVGC creator labs.
- The AVGC industry anticipates needing two million professionals by 2030.
- Government support aims to boost India's growing creator economy.
Finance Minister Nirmala Sitharaman unveiled a substantial boost for India's creator economy during Budget 2026. The government will support the Indian Institute of Creative Technologies, Mumbai, in establishing animation, visual effects, gaming, and comics (AVGC) creator labs.
These labs are slated for installation in 15,000 secondary schools and 500 colleges across India. Industry leaders have applauded the move, anticipating it will meet the escalating demand for skilled professionals in the creative and gaming industries.
The AVGC sector is experiencing rapid expansion, with projections indicating a need for approximately two million professionals by the year 2030. This initiative aims to cultivate future-ready talent and accelerate the creation of original intellectual property.
Experts emphasize that structured skilling is vital to keep pace with the sector's growth. The proposed labs could inspire young students towards careers in animation, VFX, gaming, and comics, fostering entrepreneurship and global competitiveness.
