‘FICCI-BAF Awards 2025’ were announced yesterday celebrating excellence
in Animation, Visual Effects (VFX), Gaming, Comics, and Extended Reality (XR).
Established in 2004, the Best Animated Frames (BAF) Awards have grown into
India's foremost platform recognizing innovation, creativity, and technological
advancements in the AVGC-XR sector.
With 33 award categories, this year’s ceremony honoured outstanding contributions
across the industry, including Best Animated Feature, Best VFX in Films, Best
Game Design, and Best XR Experience. The awards catalyse innovation, offering
students, professionals, and studios a global stage to showcase their work
while facilitating invaluable networking opportunities with investors,
producers, and industry leaders.
During the event, FICCI also launched the Annual FICCI-EY Media and
Entertainment (M&E) Report – Shaping the Future, offering key insights into
the industry’s trajectory. According to the report, India's M&E sector grew
by 3.3% in 2024, reaching INR 2.5 trillion (US$29.4 billion). Digital media
emerged as the largest segment, growing by 17% to INR 802 billion, while
advertising revenues saw an 8.1% rise, driven by digital platforms, live
events, and Out-of-Home (OOH) media. However, a 2% decline in subscription
revenues impacted traditional media segments, highlighting the need for
strategic policy support. The sector is projected to grow 7.2% in 2025 and
reach INR 3.1 trillion by 2027, driven by digital expansion, strategic
alliances, and AI-driven advancements.
Speaking on the occasion, Mr Munjal Shroff, Chair, FICCI AVGC-XR Forum,
said, “The FICCI BAF Awards 2025 celebrate the ingenuity, passion, and
dedication of India’s AVGC-XR industry. As technology and storytelling evolve,
India is emerging as a powerhouse in content creation for global audiences. We
appreciate the Government of Maharashtra for their continued support in
nurturing the creative ecosystem and fostering innovation in the AVGC-XR
sector. The industry’s future is promising, and we remain committed to
advancing India’s leadership in this space."
The FICCI BAF Awards 2025 reaffirm FICCI’s commitment to supporting the
growth of India’s AVGC-XR industry and providing a dynamic platform for the
next generation of creators.
