A new report suggests that the film, television and online video services industry in India is opening new dimensions in the country. The sector has supported a total of 2.64 million jobs in India.
It also generated a total economic contribution of INR 5, 14, 000 crore in 2024, demonstrating the vital importance of the screen sector to the economy, jobs, cultural exports and India’s soft power.
The report put together by the Motion Picture Association (MPA) in collaboration with Deloitte was launched at the inaugural World Audio Visual Entertainment Summit (WAVES) in Mumbai.
The Ministry of Information & Broadcasting, MPA and JioStar launched the industry economic impact report. The report was also supported by the Federation of Indian Chambers of Commerce & Industry, the Producers Guild of India (PGI) and Creative First.
MPA Chairman and CEO Charles Rivkin said, “India is a critical global market for MPA members, and its dynamic film, television, and streaming industry is a powerful driver of jobs, cultural influence, and the country’s overall creative economy.” Rivkin said.
He further mentioned, “Our members are proud to invest in developing local stories that reflect the unmatched imagination of creators from every corner of India and sharing them with international audiences.
With the right policies and continued investment, India can build an even stronger production ecosystem – one that rewards creativity, fuels innovation, and cements India’s place as a global hub for media and entertainment”.