This story belongs to the Fortune India Magazine May 2026 issue.
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MANUFACTURING IS automating faster than it’s hiring. While it is essential for India to be competitive and be a key player, the country cannot build its employment future on perpetual wage competition in garments or assembly. What the country needs to add is not simply better factories — it needs employment engines that do not compete on cost at all.
That is where the creative economy matters. Animation, gaming, content creation, and digital services compete on storytelling, quality, and cultural resonance — not wages. Here, India already has vital building blocks: English fluency at scale, deep digital adoption, and a generation that instinctively creates content rather than merely consuming it. The government has recognised this, articulating plans through the Indian Institute of Creative Technologies to set up 15,000 content labs across schools and colleges by 2030, targeting two million professionals.