The Animation, Gaming, Visual Effects and Comics (AVGC) industry is $1 trillion global business. Digital media is exploding in India faster than any other country. India’s animation, gaming, visual effects, and comics industry is expanding at a phenomenal pace and is expected to be worth $43.9 billion by 2024. Animation and visual effects in India grew by whopping 56% and gaming by 45% in 2021-22. As India becomes a new global center for digital production, the industry is looking for higher-skilled and international-quality creative artists who can produce cutting-edge original content.
AVGC has also been discussed in the Union Budget 2022 tabled by the Hon’ble Finance Minister of India and visions to create a taskforce which aims to create 20 lakh jobs in the industry. These are critical skills for the growth of the metaverse and India is poised to take advantage of this ecosystem.