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Creative India: Tapping the Full Potential

Author

Listed:
  • Prateek Kukreja

    (Indian Council for Research on International Economic Relations (ICRIER))

  • Havishaye Puri

    (Indian Council for Research on International Economic Relations (ICRIER))

  • Dil Bahadur Rahut

    (Asian Development Bank Institute (ADBI))

Abstract

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 ten creative districts in India, six are non-metros—Badgam (J&K), 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 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 policymakers 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 (IP) framework; (iv) improve access to finance; and (v) streamline the process of policymaking by establishing one intermediary organization. India must also leverage its G20 Presidency to put creative economy concretely on the global agenda.

Suggested Citation

  • Prateek Kukreja & Havishaye Puri & Dil Bahadur Rahut, 2022. "Creative India: Tapping the Full Potential," Indian Council for Research on International Economic Relations (ICRIER) Working Paper 413, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    • Handle: RePEc:bdc:wpaper:413
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    References listed on IDEAS

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    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    creative economy; culture; employment; output; intellectual property; G20;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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