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INDIAN TOY INDUSTRY IMPORTS DECLINE 52%, EXPORTS RISE 239% IN FY23

The Business Guardian

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February 04, 2024

A conducive manufacturing ecosystem created by the Government for the toy industry has resulted in 52 per cent decrease in overall import of toys and 239 per cent increase in exports of toys from FY 2014-15 to FY 2022-23, Minister of State for Commerce and Industry Som Parkash informed Rajya Sabha.

- NIVEDITA MUKHERJEE

INDIAN TOY INDUSTRY IMPORTS DECLINE 52%, EXPORTS RISE 239% IN FY23

A proactive campaign to promote 'Made in India toys' as well as measures to encourage designing of toys based on Indian values, culture, and history, use of toys as learning resource have yielded the desired results.

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