Opinion | India’s leap towards becoming a global toy hub
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Given that 26% of India s population is under the age of 15, the domestic toy market is slated to grow to $3.3 billion by 2024 from $1.75 billion in 2019. (Photo: Mint)
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Rouhin Deb
The Centre s support in the form of export subsidies, single window clearance, fiscal incentives, technology upgradation will help domestic toy manufacturing to grow swiftly
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NEW DELHI: As India recovers from the covid-19 crisis, taking steps towards a new dawn, a host of envisioned and implemented reform measures taken during the pandemic could see tangible advances on ground in 2021. One among them is India’s vision of becoming a global toy hub to cater to domestic demand and tap the market that is estimated at $90 billion.
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