The Global Trade Research Initiative (GTRI) released its “Beyond Import Reduction: Shaping the Future of India’s Toy Industry,” report.
About the Report:
- It proposes a comprehensive strategy to develop India’s toy industry and boost exports.
- It was Released by the Global Trade Research Initiative (GTRI).
- It aims to reduce imports and enhance the local toy industry.
Key Highlights of the Report:
Toy Imports:
- Decreased from US$ 304.1 million (FY2019) to US$ 64.9 million (FY2024).
- Share of imports from China dropped from 87% (FY2019) to 64% (FY2024).
- Increased imports from ASEAN countries, Sri Lanka, and the Czech Republic.
Toy Exports:
- Decreased from US$ 177 million (FY2022) to US$ 152.3 million (FY2024).
- India represents only 0.3% of global toy exports.
Ref: Source
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