India invests $1 billion in creators' economy support

The Indian government has announced a $1 billion investment to support the creators' economy. This funding aims to help creators improve their skills, production quality, and access global markets. The announcement was made during a high-level session ahead of the WAVES 2025 summit in Mumbai, scheduled for May 1-4. A Memorandum of Understanding was signed between the Information and Broadcasting Ministry and the Maharashtra government to enhance collaboration in media and entertainment. WAVES 2025 will bring together industry leaders and stakeholders to discuss opportunities and challenges in the media sector. The event aims to foster innovation and cultural diplomacy within the creative industries.