Sitharaman: India's Toy Industry on Strong Growth Path

Finance Minister Nirmala Sitharaman said India's toy industry has achieved remarkable growth over the past decade, with toy exports reaching $186 million in FY2025–26 and Indian-made toys now being exported to 153 countries. She highlighted that toy imports have declined by 71% since 2019, reflecting the success of quality-focused and self-reliant manufacturing initiatives. Addressing an event organised by the Toy Association of India in New Delhi, Sitharaman said India's toy market is projected to reach $5 billion by 2034, while urging the industry to aim for a much larger share of the global toy market through innovation, quality, and competitiveness.