Culture Means Business: Tapping into India’s $100 Billion Cultural Wealth
In an era of startups, unicorns and infrastructure booms, India’s most important asset often goes unnoticed: its culture. Across every corner of the country, millions of artisans, storytellers, musicians, tour guides, chefs, folk performers and spiritual workers quietly sustain livelihoods and carry forward centuries-old traditions. Together, they form India’s cultural economy, a vast and largely informal sector that deserves far more attention than it gets.
According to the 2022 report “Creative India: Tapping the Full Potential” by ICRIER, India’s creative economy employs an estimated 39.7 million people (during 2017–18 to 2019–20), representing nearly 8% of the nation’s total workforce. Contributing close to 20% of India’s Gross Value Added (GVA), the sector stands as a major pillar of inclusive growth. The report also reveals that individuals engaged in creative occupations earn, on average, almost twice the wage rate of those in non-creative fields, a powerful reminder that creativity is not only a cultural strength, but also an economic force. With the right vision, policy and investment, India’s creative economy can transform livelihoods, inspire innovation and position the nation as a global leader in cultural enterprise.
Around the world, culture is increasingly seen not as a remnant of history, but as a powerful national asset one that defines identity, sparks creativity and enhances global standing. In today’s interconnected and influence-driven era, nations are harnessing their cultural heritage to craft compelling global narratives, drive economic growth and strengthen a sense of national pride. As Izabela Ścibiorska-Kowalczyk and Julia Cichoń observe in their peer-reviewed study published in Sustainability (MDPI, 2021): “South Korea is an example of a state which has seen popular culture as an opportunity to conquer global markets and strengthen its authority internationally.” Their analysis of South Korea’s cultural policy highlights a broader global shift, where culture is no longer treated as mere nostalgia or aesthetic tradition, but as a central pillar of economic and geopolitical strategy.
India is home to hundreds of living languages and dialects, offering unmatched cultural depth. This diversity is not just our heritage but a wellspring of soft power, economic potential and global influence. Yet to truly harness this wealth, we must go beyond symbolic celebration. Strategic investment in cultural........





















Toi Staff
Gideon Levy
Tarik Cyril Amar
Mort Laitner
Stefano Lusa
Mark Travers Ph.d
Andrew Silow-Carroll
Robert Sarner