Mumbai, May 2 (Reporter) The National Stock Exchange (NSE) on Friday launched the WAVES Index — a 43-ADGC company benchmark representing the audio-visual and entertainment sector — at the World Audio Visual Entertainment Summit (WAVES) 2025, marking a significant step in strengthening India's creative economy. Maharashtra Chief Minister Devendra Fadnavis hailed the launch as “one of the biggest successes of the summit,” emphasising that the new index would foster a fresh investment ecosystem, attracting both domestic and international capital to India’s rapidly growing creative and content industries. “I am delighted that the WAVES Summit is being held in Mumbai. The Centre has granted Maharashtra and Mumbai the honour of hosting this prestigious event. Since the Prime Minister inaugurated the summit on Thursday, delegates from around the world have expressed admiration for the scale and quality of this platform, which is being created for the first time in this sector,” Fadnavis said. He stressed that India was on the brink of taking a global leadership role in the audio-visual space, which holds vast potential for economic growth, job creation, and a multiplier effect across industries. NSE Managing Director and CEO Ashish Kumar Chauhan shared that the idea for the WAVES Index stemmed from a proposal by the Maharashtra Chief Minister’s Office. "When WAVES was being conceptualised, we were approached by the Chief Minister’s office to create an index that would represent all these industries together. While several sectoral indices exist, none have encapsulated the entire creative sector. We committed to launching it, and today, we’ve fulfilled that promise," he said. In addition to the launch of the index, several key MoUs were signed at the summit, further establishing it as a milestone event for India’s creative sector...////...