How much fund has been announced for the creator’s economy as part of the World Audio-Visual and Entertainment Summit (WAVES) 2025?

  1. 1 billion dollars
  2. 2 billion dollars
  3. 3 billion dollars
  4. 4 billion dollars

Answer (Detailed Solution Below)

Option 1 : 1 billion dollars

Detailed Solution

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The Correct Answer is 1 billion dollars.

In News

  • Govt announces 1 billion dollar fund for creators’ economy, ahead of WAVES 2025.

Key Points

  • Ashwini Vaishnaw, the Union Information and Broadcasting Minister, announced a 1 billion-dollar fund for the creator’s economy as part of the World Audio-Visual and Entertainment Summit (WAVES) 2025.
  • WAVES 2025 will take place in Mumbai from May 1 to 4, 2025 and will provide the creator community a platform to create high-value content.
  • The event aims to engage international communities and foster collaboration ahead of WAVES 2025.
  • The first Indian Institute of Creative Technology (IICT) will be established near Film City in Goregaon, Mumbai.
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