- Definition and Characteristics
- The creative economy refers to knowledge-based economic activities in creative industries that involve intellectual property, creativity, and cultural value. It is adaptable, technology-driven, and thrives on innovation.
- Significance
- Globally, it generates $2 trillion annually and provides 50 million jobs. It enhances skill development, education, and India’s soft power while promoting sustainability due to its low reliance on natural resources.
- Challenges
- Issues include a digital divide, rural-urban disparity (67% of creative workers are urban), slow patent processes, lack of awareness about local arts, and societal bias favoring conventional careers.
- Initiatives in India
- Efforts include the National Policy on IPR (2016), Zonal Cultural Centers, UNESCO Creative Cities Network, and National Creators Awards to recognize and preserve India’s cultural and creative heritage.
- Way Forward
- Promote Indian culture globally, improve financing options through credit schemes and crowdfunding, reform IPR frameworks, establish creative hubs, and focus on skill development for digital and entrepreneurial roles.
