Toy sector seen as global player amid self-reliance push
Hindustan Times|January 05, 2024
Prime Minister Narendra Modi's government's self-reliance push for the toys sector has seen India emerge as a strong contender in the global market in which it was a net importer eight years ago but has since had global retail giant Walmart developing about 100 local manufacturing points for its global sourcing.
Rajeev Jayaswal
Toy sector seen as global player amid self-reliance push

The information was disclosed by two government officials who cited a study by the Indian Institute of Management (IIM), Lucknow. In the period between 2013-14, when Modi took over as PM, and the last financial year 2022-23, imports of toys fell by 48% to $159 million while exports jumped 293% to $326 million, according to the IIM's case study-Success Story of Made in India Toys.

The study, commissioned by the Department for Promotion of Industry and Internal Trade, was released by DPIIT secretary Rajesh Kumar Singh on Thursday.

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