Creative India: Tapping the Full Potential

Prateek Kukreja, Havishaye Puri and Dil Rahut
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Prateek Kukreja: Asian Development Bank Institute
Havishaye Puri: Asian Development Bank Institute

No 1352, ADBI Working Papers from Asian Development Bank Institute

Abstract: We provide the first reliable measure on the size of India’s creative economy, explore the many challenges faced by the creative industries, and provide recommendations to make India one of the most creative societies in the world. India’s creative economy—measured by the number of people working in various creative occupations—is estimated to contribute nearly 8% of the country’s employment, much higher than the corresponding share in Turkey (1%), Mexico (1.5%), the Republic of Korea (1.9%), and even Australia (2.1%). 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 10 creative districts in India, 6 are non-metros—Badgam, 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 the 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 policy makers 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 framework; (iv) improve access to finance; and (v) streamline the process of policy making 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)
JEL-codes: J21 J24 J31 O10 O30 O53 Z10 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2022-12
New Economics Papers: this item is included in nep-cul
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Working Paper: Creative India: Tapping the Full Potential (2022)
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