The Indian AVGC industry is a sunrise sector, growing at a compound annual growth rate (CAGR) of 16-18%, outpacing many traditional media segments. The government has established an AVGC Promotion Task Force and recently approved a National Centre of Excellence (NCoE) in Mumbai to build world-class talent, create indigenous intellectual property (IP), and attract investment.
India is already a dominant force in the global IT and BPO services market, with major corporations relying on Indian technology talent through their Global Capability Centers . The IT sector accounts for a significant portion of India's GDP and is a major source of employment and foreign direct investment. The industry is embracing next-generation technologies like AI, cybersecurity, and data analytics, with strong growth projected in these areas.