The AVGC (Animation, Visual Effects, Gaming, Comics) sector is not just a trend but the future of the media and entertainment industry. Movies like Baahubali and RRR have set a new standard for portraying historical and fantasy themes in India, inspiring films like PS1 and Kalki. According to the FICCI-EY 2024 report, India now boasts the second-largest anime fan base globally. It is projected to contribute 60% to the worldwide growth in anime interest in the coming years. In a significant step toward making India a global hub for AVGC, the Union Cabinet recently approved the establishment of a National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai. To know more, please read the briefings.
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