Media and entertainment industry expected to generate Rs 7.5 lakh crore annually by 2030, says Minister Anurag Thakur

The media and entertainment ecosystem is a sunrise sector, which is expected to generate Rs 4 lakh crore annually by 2025 and grow to Rs 7.5 lakh crore by 2030, Union minister Anurag Singh Thakur said here in Sunday. The Minister for Information and Broadcasting also said that the rapidly expanding digital infrastructure in the country and the ongoing advancements taking place in the AVGC (animation, visual effects, gaming and comics) sector have the potential to make India the preferred post-production hub of the media and entertainment industry.