Immersive technologies such as Virtual Reality, Augmented Reality, and Extended Reality are expanding across India’s education, industry, and creative sectors. According to a government backgrounder, the Ministry of Information and Broadcasting is promoting the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) ecosystem through initiatives like the Indian Institute of Creative Technologies in Mumbai.
To support this ecosystem, the Union Budget 2026–27 allocated ₹250 crore to establish AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges across the country. The Indian Institute of Creative Technologies will serve as the nodal agency for implementing the initiative, which aims to equip students with practical digital skills.
What it means
- The Union Budget 2026–27 allocated ₹250 crore for AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges across India.
Source
Press Information Bureau, Government of India, “Immersive Technologies”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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