New Delhi: India’s media and entertainment sector is projected to grow at a compound annual rate (CAGR) of about 7 per cent, reaching approximately Rs 3,067 billion by 2027, the government said on Tuesday.

The government projects this ecosystem to scale up to $100 billion by 2030, moving from a content-consuming nation to a global creator and exporter of intellectual property, an official statement said.

The government has formally recognised the Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) sector as a key driver of growth.

AVGC Promotion Task Force projected the creation of around 20 lakh direct and indirect jobs in the coming ten years, while estimating that the sector could contribute to India’s GDP through production, exports, and allied services.

The g

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