IFFI 2024: India’s creative economy set to thrive; hits $30 billion, says I&B Minister Ashwini Vaishnaw

The draft rules, open for public comment until February 18, aim to strike a balance between industry needs and user privacy rights. They arrive as India's tech sector, one of the world's largest, has been anxiously awaiting guidance on compliance requirements.

“As India continues to empower creators, foster innovation, and drive cultural diplomacy, we are positioning ourselves as a global leader in content creation,” Vaishnaw said.

How AI is shaping the next era of content monetization

Deep learning algorithms can transform ordinary videos into visually stunning creations, adding a layer of sophistication to content without the need for extensive manual editing. (Image by Possessed Photography via Unsplash)

Generative technology is also being utilized by content creators to bring fictional characters to life or seamlessly integrate themselves into popular memes and trends.