India’s toy exports surge by 60%: Govt

Exports climbed from US$ 203.46 million in 2018-19 to US$ 325.72 million in the fiscal year 2022-23

August 10, 2023

On the other hand, the import of toys has witnessed a substantial decline of 57%

Toy imports dropped from US$ 371.69 million in 2018-19 to US$ 158.70 million in 2022-23

The cumulative count of industries registered under the ministry from January 1991 to July 31, 2023, stands at 110,525

The Open Network for Digital Commerce (ONDC) has initiated a "Feet on Street" (FoS) initiative

India’s exports of toys have surged by an impressive 60%, climbing from US$ 203.46 million in 2018-19 to US$ 325.72 million in the fiscal year 2022-23, according to the Ministry of State for Commerce and Industry.

In contrast, the import of toys has witnessed a substantial decline of 57%, dropping from US$ 371.69 million in 2018-19 to US$ 158.70 million in 2022-23.

Experts highlighted the government’s proactive endeavours to bolster the domestic toy industry. They further mentioned that the cumulative count of industries registered under the ministry from January 1991 to July 31, 2023, stands at 110,525.

Source: Business Standard

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