The entertainment market in India is the second largest in the world. Examine the factors that led to the development of the Indian animation and visual effects industries in this context. (Answer in 150 words)
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Animation is a technique involved in photography and videography that brings images or pictures into motion. It converts images into virtual reality. VFX or Computer-Generated Imagery (CGI) adds effects or animated images to the real shooting. Several popular movies and games namely PUBG, Clash of Clans, Games of Thrones, etc. are the work of animation and VFX industry
Animation and VFX industry in India touched a growth rate of nearly 17% in 2018, as per KPMG India- FICCI report. The reasons for its growth and emergence in India can be discussed as follows:
The Indian animation, VFX and post-production industry is expected to more than double in the next five years considering India as a growing consumer of the entertainment industry.