India’s central government has formed a task force aimed at strengthening toy manufacturing and increasing exports. The initiative also includes the release of a “Toy Sector Playbook,” which lays out measures to boost manufacturing capacity, support innovation, and improve the sector’s competitiveness in global markets. The government’s stated goal is to raise India’s share of the global toy market from about 1.9% to 5% by 2032. The move is presented as part of broader efforts to expand the toy industry’s role in trade and to enhance its growth prospects through coordinated government support. While details of specific incentives or implementation timelines are not provided in the available summaries, both reports describe the same core elements: formation of a dedicated task force, development of a sector playbook, and a quantitative target for market share by 2032. The initiative focuses on both domestic production and export growth as the main pathways to achieving the target.
India sets up task force and toy playbook to target 5% global market share by 2032
India’s central government has formed a task force aimed at strengthening toy manufacturing and increasing exports. The initiative also includes the release of a “Toy Sector Playbook,” which lays out...
- The central government forms a dedicated task force to strengthen India’s toy manufacturing and exports.
- The government also releases a “Toy Sector Playbook” alongside the task force.
- India’s target is to increase its global toy market share from about 1.9% to 5% by 2032.
- The initiative focuses on boosting manufacturing capacity, innovation, and competitiveness for global trade.
- The goal is framed around export-led growth in the toy sector by 2032.
The Centre has formed a task force to strengthen toy manufacturing and raise India’s share in the global toy market from 1.9% to 5% by 2032.
3 hours agoCentre unveils task force and Toy Sector Playbook to boost manufacturing, innovation and exports, aiming for a 5% share of the global toy market by 2032.
12 hours ago
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