India s toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports.
Toy Exports: As a result of measures, the manufacturing ecosystem of the industry has witnessed "remarkable" growth, leading to a substantial decrease of 52 per cent in overall import of toys from USD 332.55 million in 2014-15 to USD 158.7 million in 2022-23, Parkash said in a written reply to the Rajya Sabha. The exports have increased by 239 per cent from USD 96.17 million in 2014-15 to USD 325.72 million in 2022-23, he said.
As a result of measures, the manufacturing ecosystem of the industry has witnessed "remarkable" growth, leading to a substantial decrease of 52 per cent in overall import of toys from USD 332.55 million in 2014-15 to USD 158.7 million in 2022-23, Parkash said in a written reply to the Rajya Sabha. The exports have increased by 239 per cent from USD 96.17 million in 2014-15 to USD 325.72 million in 2022-23, he said.
India s toy exports have surged by 60% since 2018-19, rising from $203.46m to $325.72m in 2022-23, according to a statement by Minister of State for Commerce and Industry Som Parkash to Parliament. In contrast, imports showed a 57% dip, dropping from $371.69m in 2018-19 to $158.70m in 2022-23.
India s toy exports have surged by 60% since 2018-19, rising from $203.46m to $325.72m in 2022-23, according to a statement by Minister of State for Commerce and Industry Som Parkash to Parliament. In contrast, imports showed a 57% dip, dropping from $371.69m in 2018-19 to $158.70m in 2022-23.