India’s creative economy ambitions were on full display at Waves 2025, the inaugural World Audio Visual & Entertainment Summit, where a new government report tallies over $1.1 billion in media and entertainment deals and investment commitments inked during the four-day event.

Held in Mumbai from May 1–4 and envisioned and inaugurated by Prime Minister Narendra Modi, the summit convened delegates from more than 100 countries, 3,100 companies, and 100,000 participants spanning film, tech, music, gaming, streaming, and policy. According to the official Waves 2025 outcome report, released on Friday, the event catalyzed new international partnerships, state-backed infrastructure investments, and large-scale commitments to creator development.

Mumbai, the capital of the western Indian state of Maharashtra, is home to the Hindi-language Bollywood film industry. The Maharashtra government led the reported deal flow, signing memoranda of understanding worth INR8,000 crore ($930 million), including a INR3,000 crore ($349 million) commitment from Prime Focus to develop a 200-acre Film City. Additional MoUs were...

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