Creative India: Tapping the Full Potential

Prateek Kukreja (), Havishaye Puri and Dil Rahut
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Prateek Kukreja: Indian Council for Research on International Economic Relations (ICRIER)
Havishaye Puri: Indian Council for Research on International Economic Relations (ICRIER)

Indian Council for Research on International Economic Relations (ICRIER) Working Paper from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: Creative occupations also pay reasonably well—88% higher than the non-creative ones and contribute about 20% to nation’s overall GVA. Out of the top ten creative districts in India, six are non-metros—Badgam (J&K), Panipat (Haryana), Imphal (Manipur), Sant Ravi Das Nagar (Uttar Pradesh), Thane(Maharashtra), and Tirupur (Tamil Nadu)— indicating the diversity and depth of creativity across India. Yet, according to United Nations Conference on Trade and Development, India’s creative exports are only one-tenth of those of the People’s Republic of China.To develop the creative economy to realize its full potential, Indian policymakers would like to: (i) increase the recognition of Indian culture globally; (ii) facilitate human capital development among its youth; (iii) address the bottlenecks in the Intellectual Property (IP) framework; (iv) improve access to finance; and (v) streamline the process of policymaking by establishing one intermediary organization. India must also leverage its G20 Presidency to put creative economy concretely on the global agenda.

Keywords: creative economy; culture; employment; output; intellectual property; G20 (search for similar items in EconPapers)
Pages: 45 page
Date: 2022-12
New Economics Papers: this item is included in nep-ipr
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