Get to know more about the rise of toy manufacturing industry in India . Explore new opportunities and start toy manufacturing business
The toy manufacturing industry in India was valued at USD 1 billion in 2019 and is expected to reach USD 2 billion by 2024 according to a joint report by industry body FICCI and KPMG. The exports of Indian toys have increased from USD 109 million in 2018 to USD 177 million in 2021 according to the numbers released by the Ministry of Commerce & Industry. Additionally, imports of toys into India have reduced from USD 304 million in 2018 to USD 36 million in 2021 which is an excellent sign for Indian manufacturers. Indian manufacturers are now aiming to increase exports to African and Middle east countries. Read the complete blog to explore new opportunities and start a toy manufacturing business in India.