India has a remarkable market growth potential for AVGC - XR Careers, which means a boom in animation, visual effects, gaming, and comics together as an industry.
This industry is as progressive as the youth of the nation. In 2022 and 2023, our finance minister has also acknowledged that to give a special task force to this industry and promote the boom of the same.
If you’re an enthusiast of these sectors of the AVGC industry and want to make a stable or evolving career out of it, start by enrolling in an academy like Frameboxx 2.0.
Otherwise, continue to read the post below to find more insights about this industry before deciding on a particular career path.
Why is the AVGC sector important to focus on?
- It opens the gate for Metaverse technologies.
Metaverse is a mesh of multiple 3D worlds. India needs to prepare itself with full-fledged knowledge, expertise, and skill set. AVGC market boom is the right way to promote metaverse projects and companies to surface and bring employment for the young of the nation.
- Formalise education on gaming art.
This industry needs to boom because the youth has grown up playing games on smart mobile devices. They relate to it the most for having fun and enjoying the best days of their life.
So, there is a lot of latent talent in our country that can be utilised in the gaming sector to entertain and appeal to the youth of the generation to spread creativity and awareness on various issues and topics.
- Contribution by the AVGC sector is increasing exponentially.
There were 400 million gamers in India by 2020. The stats rose from 250 in 2019. This was almost double the number of gamers. The number reached 444 in 2023, and it is projected to reach about 641 million by 2027.
So, the revenue contribution by new-age games in India is increasing by 10-12 CAGR per year. It means there is a lot of potential for the gaming sector to boom in India and multiply the revenue to align with the government budgets.
- Generation of employment for passionate people.
AVGC careers are based on the art, skill set, curiosity, creativity, and intellectual level of an individual. As long as you are passionate about learning and executing the art of visual effects, animation, gaming, or comics, you can make a fortune here.
This sector continues to generate employees for new-age creative artists. These can be full-time VFX or any other artists or work on a freelance basis without a permanent contract.
It boosts flexibility and ownership of your workdays when you get into this industry and manage to handle multiple production houses or studios for their deliverables.
- Expand the horizons of your creativity.
Creativity has no end when it comes to jumping onto the AVGC career. Be it animation, visual effects, gaming, or comics, you can make it big here. As long as you have the creativity and clarity as to which sector to pick and explore.
Otherwise, you can join an institution to guide you and provide you with the right training before you are ready to look for a job in such sectors.
What’s new in AVGC careers?
- Karnataka’s mandate for leading the AVGC industry in India:
The Karnataka government is planning to create 30,000 jobs in the AVGC-XR (extended reality) sector by 2028. That way, the state government can export at least 80% of these services to the production houses outside of the geography.
Currently, the state has about 20% stake in the entire country’s entertainment and media industry. With the AVGC-XR industry booming up, it wants to become one of the leaders by the next decade.
Currently, there are 300 studios for AVGC industry enthusiasts in this state to explore for making a career there.
- India is amongst the largest original content producers in the world:
As a nation, we are continuously producing about 1,50,000 hours of TV content, over 3,000-4,000 hours of OTT content, and over 3000 hours of filmed content in the world. That puts us at the top of the position when it comes to content generation in the world.
That means there is a sure-shot scope for content creators and animators in India. It is the right time for creative and enthusiastic people to explore the AVGC career and make a living out of it.
- Animela – India’s first ever AVGC-XR festival:
Recently Animela was launched by AVAF with their association with the Ministry of Information and Broadcasting. It will strengthen the roots of the AVGC-XR industry in India.
- XR is the new addition to the AVGC careers:
XR has made a mark in getting added to the AVGC industry. XR or extended reality includes all kinds of reality-based verses like Virtual Reality, Mixed Reality, Augmented Reality, Metaverse, etc.
The Journey of Indian Animation Ahead
- It’s at its nascent stage compared to Japanese anime:
Animated, comics, and visual effects are relatively new in India. Gaming can be considered a little older than all these sectors. Japanese anime is renowned worldwide. It’s hard to compete with that nation. However, it leaves India to make a mark of its own in the world for Indian animation, visual effects, and comics.
- The focus will be more on top-notch VFX content:
India has only a few VFX studios as of now compared to the vision of the government for the next decade. So, there’s going to be a significant boom in the VFX production houses and studios in this decade, giving an equal opportunity for all enthusiastic VFX artists to dive deeper into this career.
- The immense success of Animela is not forgotten:
Animela is going to be a recurring festival to be held mostly in January every year in India. The first edition had about 3,000 volunteers, and the next year is going to be even more epic for all passionate people who want to make a career in the AVGC-XR industry.
Conclusion
You can make a fortune for yourself in AVGC careers if you take it seriously. We read the blog above to know its importance, the latest news, and the journey ahead. The information shows that the AVGC-XR industry is ready to take a leap and move forward at an accelerated speed.
So, get ready to dive deeper into this industry. Prepare your skill set and knowledge today from an institution like Frameboxx 2.0.