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Indian Toy industry witnesses 52 pct decline in imports and 239 pct rise in exports in FY 2022-23 in comparison to FY 2014-15

Indian Toy industry witnesses 52 pct decline in imports and 239 pct rise in exports in FY 2022-23 in comparison to FY 2014-15

Jan 05, 2024, at 04:36 am

The Indian Toy industry witnessed remarkable growth in FY 2022-23 in comparison to FY 2014-15, with a decline in imports by 52%, a rise in exports by 239% and a development of the overall quality of the Toys available in the domestic market.

Toy imports dropped in last 3 yrs following quality control, increased custom duty: Centre

Toy imports dropped in last 3 yrs following quality control, increased custom duty: Centre

Dec 23, 2021, at 08:17 am

New Delhi/IBNS: The government has taken series of steps to promote domestic manufacturing of toys to ensure that no sub-standard, unsafe cheap toys are imported into India. Import of toys into Indian market during the last three years has shown a decreasing trend, Union minister of state for commerce and Industry told Lok Sabha in written reply on Wednesday.