Discover the Rise of India’s Booming Toy Industry
Over the past decade, India’s toy industry has experienced a remarkable transformation. A decade ago, toys labeled ‘Made in China’ dominated the Indian market. In the fiscal year 2011-12, India imported toys worth a staggering US$422.79 million while exporting less than half of that amount.
Fast forward to today, and the scenario has dramatically shifted. Recent reports reveal that India’s toy exports have soared to US$523.24 million, surpassing imports that now stand at US$517.71 million—indicating an impressive growth trajectory. What factors have contributed to this exciting renaissance in India’s toy sector?
