Trade in the Creative Sector

Creative industries have become an important source of economic growth and international trade in recent years. India is one of the leading exporters of creative goods and services, and ranks fourth in terms of value of exports at the global level. However, the value of Indian exports is significantly lower than China's. Rising imports of creative goods and services to India also indicate an emerging and vibrant domestic market. However, unlike China, Brazil and the UK, India lacks an integrated policy framework for the creative sector. A coherent and informed policy could provide new opportunities to millions of traditional artisans and workers, and stimulate economic growth.