SF Prep Notes

Global Media Dialogue at WAVES adopts the WAVES Declaration; WAVES Bazaar records ₹250 crore deals

Member nations at the Global Media Dialogue at WAVES 2025 in Mumbai adopted the WAVES Declaration on 2 May 2025, while WAVES Bazaar recorded confirmed deals worth ₹250 crore.

Summary

The Global Media Dialogue, held at WAVES 2025 in Mumbai on 2 May 2025, ended with the adoption of the WAVES Declaration by member nations. The Declaration seeks to bridge the digital divide by promoting responsible use of emerging technologies, reducing bias, democratising content and prioritising ethics. I&B Minister Ashwini Vaishnaw welcomed delegates from 77 countries. India told participants that the 32 Create in India Challenges had identified over 700 top creators. Separately, I&B Secretary Sanjay Jaju said WAVES Bazaar recorded confirmed transactions of ₹250 crore within the first day and a half, with 95 global buyers and 224 sellers from over 22 countries.

Key facts

Date
2 May 2025, Mumbai
Outcome
WAVES Declaration adopted
Delegates
From 77 countries
Create in India
32 challenges; over 700 top creators
WAVES Bazaar
₹250 crore deals; 95 buyers, 224 sellers, 22+ countries

Practice MCQs 3 questions

Q1

Which declaration was adopted by member nations at the Global Media Dialogue in Mumbai on 2 May 2025?

Show answer

Correct answer: A — WAVES Declaration

The Global Media Dialogue culminated in the adoption of the WAVES Declaration by member nations.

Q2 Advanced

According to the I&B Secretary, WAVES Bazaar 2025 recorded confirmed transactions worth how much within its first day and a half?

Show answer

Correct answer: D — ₹250 crore

Sanjay Jaju said WAVES Bazaar recorded confirmed transactions worth ₹250 crore within the first day and a half.

Q3 Advanced

Consider the following statements about the Global Media Dialogue at WAVES 2025: 1. The I&B Minister welcomed delegates from 100 countries. 2. India said the 32 Create in India Challenges identified over 700 top creators. Which of the statements given above is/are correct?

Show answer

Correct answer: B — 2 only

Only 2 is correct. Ashwini Vaishnaw welcomed delegates from 77 countries.

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