Indian VFX segment records 14 per cent decline in 2024, says FICCI-EY report

AnimationXpress reports that the FICCI-EY Report 2025 reveals India's VFX segment experienced a 14 per cent decline in 2024. The report, prepared by the Federation of Indian Chambers of Commerce and Industry and EY, provides a comprehensive assessment of the sector's performance. This downturn reflects broader challenges facing the Indian visual effects industry during the period, marking a significant contraction in a key segment of the country's AVGC sector.

Reported by Animation Xpress. This is a wire brief — read the full story here.