2023-24: India's toy exports dropped to $152m due to global demand decline, while reducing dependence on China.

India's toy exports dropped from $177m in 2021-22 to $152m in 2023-24 due to global toy demand decline. Top markets (US, UK, Germany) saw a 16-20% reduction in toy imports. However, Indian toy industry growth reduced dependence on China, from $276m in 2014-15 to $65m in 2023-24, via govt initiatives, domestic efforts, increased customs duties, quality control orders & a National Action Plan for Toys.

August 09, 2024
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