Budget 2026 Spotlights India's Orange Economy: A New Growth Engine
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Firstpost•01-02-2026, 15:36
Budget 2026 Spotlights India's Orange Economy: A New Growth Engine
- •Finance Minister Nirmala Sitharaman's Union Budget 2026-27 emphasizes India's creative industries, or "Orange Economy," as central to the government's services-led growth strategy.
- •The Orange Economy encompasses knowledge-based activities like animation, gaming, live entertainment, design, and intellectual property, integrating culture, creativity, technology, and IP for economic, social, and cultural value.
- •The Budget proposes supporting the Indian Institute of Creative Technologies (IICT), Mumbai, to establish AVGC content creator labs in 15,000 secondary schools and 500 colleges to train 2 million professionals by 2030.
- •A new National Institute of Design (NID) will be established in eastern India to address the shortage of trained designers, adding to the existing seven NIDs.
- •The Economic Survey 2025-26 highlights the concert economy's potential, advocating for a Single Window Mechanism for Live Entertainment Permissions to streamline regulatory approvals and boost tourism.
Why It Matters: Budget 2026 positions India's creative Orange Economy as a key driver for employment, tourism, and urban growth.
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