India’s media and entertainment industry has the potential to grow over $100 billion in the next decade, creating millions of jobs, Reliance Industries Ltd’s (RIL) Chairman & Managing Director Mukesh Ambani said on Thursday.
In his address at the inaugural session of WAVES 2025 summit, Ambani said, “India’s media and entertainment industry is today valued at $28 billion. It can grow to over $100 billion in the next decade. This growth will drive entrepreneurship, generate millions of jobs, and create a ripple effect across sectors.”
He said to achieve this, India should invest in state-of-the-art content clusters across the country. “It should train tens of thousands of our talented young people in animation, VFX, and other technologies, and should incentivise IP creation, AI-powered innovation and gamification,” he said.
Adding that India should have new investment avenues for this industry, Ambani said, “And India should create an enabling, encouraging and empowering regulatory environment that rewards imagination and inclusion.”
He said India’s entertainment and cultural industry is not just soft power — it is real power. “In an increasingly turbulent and uncertain world, our stories give the hope of a better future with their power to unite, inspire, and enrich,” he said.
Ambani said that no nation can match India’s storytelling power. “Therefore, with great confidence and creativity, let us take our stories globally to heal a divided world,” he stated.
The fusion of storytelling and digital technologies is again unique to India, which has multiplied the impact and reach of entertainment and cultural experiences beyond imagination, he said.
The tools of AI and immersive technologies can make India’s stories more captivating than ever before — and take them instantly to audiences across languages, countries and cultures, Ambani said, adding, “By mastering these tools, I am confident that India’s super-talented young creators will rule the global entertainment industry with blockbusters.”
