{"id":299863,"date":"2025-06-18T02:01:48","date_gmt":"2025-06-18T02:01:48","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/marketing\/indias-toy-industry-sees-record-growth-with-239-rise-in-exports-by-2023-et-brandequity\/"},"modified":"2025-06-18T02:01:48","modified_gmt":"2025-06-18T02:01:48","slug":"indias-toy-industry-sees-record-growth-with-239-rise-in-exports-by-2023-et-brandequity","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=299863","title":{"rendered":"India&#8217;s Toy Industry Sees Record Growth with 239% Rise in Exports By 2023, ET BrandEquity"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>                <!-- Display video article in news article for the custom next story --><\/p>\n<p>                <!-- Modifying the body placing embeds,promoslots,related etc.--><\/p>\n<figure class=\"img_container\" style=\"width:1200px;;margin-bottom:5px;max-width:100%;\"><img fetchpriority=\"high\" decoding=\"async\" width=\"590\" height=\"442\" class=\"unveil\" loading=\"eager\" style=\"width:100%;max-height:100%\" src=\"https:\/\/etimg.etb2bimg.com\/photo\/121908994.cms\" captionrendered=\"1\" alt=\"&lt;p&gt;Representative image&lt;br&gt;&lt;\/p&gt;\"\/><figcaption class=\"caption\"><span>Representative image<\/span><\/figcaption><\/figure>\n<p>India&#8217;s largest toy trade event, Toy Biz International 2025, is set to return with its most impactful edition yet &#8212; bringing together over 350 Indian toy brands and 10,000+ buyers from 25 countries, including international retail giants like Walmart, Hamleys India, Landmark, and Lulu Group. <\/p>\n<p>Organized by the <a id=\"22332257\" type=\"General\" weightage=\"20\" keywordseo=\"Toy-Association-of-India\" source=\"keywords\" meta.keywordsubtype=\"org\" meta.entityname=\"Toy Association of India\" meta.hostid=\"281\" meta.entityid=\"Toy Association of India\" class=\"news-keywords\" href=\"https:\/\/brandequity.economictimes.indiatimes.com\/tag\/toy+association+of+india\">Toy Association of India<\/a> (TAI), this event will spotlight India&#8217;s rising stature in the global toy manufacturing arena, especially as the <a id=\"27350408\" type=\"General\" weightage=\"20\" keywordseo=\"global-toy-supply-chain\" source=\"keywords\" class=\"news-keywords\" href=\"https:\/\/brandequity.economictimes.indiatimes.com\/tag\/global+toy+supply+chain\">global toy supply chain<\/a> undergoes a major transformation, thanks to a combination of domestic policy support and international trade shifts. <\/p>\n<p>With the United States imposing 25% tariffs on $300 billion worth of Chinese goods, including toys &#8212; and tightening scrutiny on Vietnamese and other Southeast Asian imports &#8212; Indian toy makers are stepping up to seize the opportunity. <\/p>\n<p>As a result: <\/p>\n<p>* Global sourcing is diversifying, and India is emerging as a preferred alternative manufacturing base for American and European buyers.<\/p>\n<p><!-- PROMOSLOT_M -->* Indian companies are forging global joint ventures, expanding capacity, and aligning to international compliance norms.<\/p>\n<p>* Major US retailers are showing increased interest in Indian suppliers, with early discussions on bilateral trade deals further accelerating optimism.<\/p>\n<p>Moreover, in a bold move to uplift local industries, the Indian government has raised basic <a id=\"27350410\" type=\"General\" weightage=\"20\" keywordseo=\"customs-duties-on-imported-toys\" source=\"keywords\" class=\"news-keywords\" href=\"https:\/\/brandequity.economictimes.indiatimes.com\/tag\/customs+duties+on+imported+toys\">customs duties on imported toys<\/a> from 20% to 60%, enforced mandatory BIS certification, and implemented stricter safety and quality norms to curb low-quality imports &#8212; particularly from China, which accounted for over 70% of India&#8217;s toy imports until recently. <\/p>\n<p><!-- PROMOSLOT_M -->These efforts have already begun to yield results: <\/p>\n<p>* Toy imports have declined by over 70% between FY2018-19 and FY2023-24 <\/p>\n<p>* Toy exports have grown by more than 60% in the same period<\/p>\n<p>As the global toy supply chain undergoes a strategic shift, India is emerging as a serious contender in the international toy export market. With increased high-value exports, this year&#8217;s Toy Biz International is a testament to the innovation and quality of <a id=\"27349837\" type=\"General\" weightage=\"20\" keywordseo=\"Indian-toy-manufacturers\" source=\"keywords\" class=\"news-keywords\" href=\"https:\/\/brandequity.economictimes.indiatimes.com\/tag\/indian+toy+manufacturers\">Indian toy manufacturers<\/a> who are meeting international standards and offering customized solutions,&#8221; said Pawan Gupta, Official Spokesperson and Former Vice-President, the Toy Association of India (TAI). <\/p>\n<p>&#8220;The Indian toy industry is among the fastest-growing globally, expected to reach USD 3 billion by 2028, growing at a CAGR of 12% between 2022-2028. With tariff advantages, international outreach, and expanding exports to the US, Middle East and Africa, Indian manufacturers are increasingly seen as credible, scalable, and globally competitive partners. Our industry is stepping into a leadership role not just with volume, but with innovation and safety. India is now on the global radar for high-quality toy manufacturing,&#8221; he added.<br \/>                <!-- Category Most Read Placement --><\/p>\n<div class=\"bottom-author-detail-tag\">\n<div class=\"bottom-author-detail\">\n<ul class=\"article-publish-date\">\n                                <!-- \n\n<li> Updated On Jun 17, 2025 at 05:40 PM IST<\/li>\n\n --><\/p>\n<li>Published On Jun 17, 2025 at 05:40 PM IST<\/li>\n<p>                                <!-- \n\n<li class=\"desktop-view\">2 min read<\/li>\n\n -->\n                            <\/ul>\n<\/p><\/div>\n<\/p><\/div>\n<p>                <!-- Comment Section --><\/p>\n<p>                <!-- Comment Section --><\/p>\n<div class=\"subscription-in-article\">\n<div aria-label=\"Top Newsletter Subscription Section\" class=\"top-newsletter-subs\">\n<div class=\"subscription-section hide\">\n<div class=\"inner-subscription\">\n<p><h2>Join the community of 2M+ industry professionals. <\/h2>\n<h3>Subscribe to Newsletter to get latest insights &amp; analysis in your inbox.<\/h3>\n<\/p>\n<p>            <!-- \n\n<figure class=\"top-newsletter-subs__icon-nl\" role=\"presentation\" aria-label=\"Newsletter icon\">\n                <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/st.etb2bimg.com\/Themes\/Release\/theme4\/images\/icons\/icon-newsletter.svg\" alt=\"Newsletter icon\" width=\"55\" height=\"55\">\n            <\/figure>\n\n -->\n        <\/div>\n<\/p><\/div>\n<div class=\"app-download-section hide\">\n<div class=\"inner-app-download\">\n<div>\n<h2>All about ETBrandEquity industry right on your smartphone! <\/h2>\n<p>                                            <!-- \n\n<div class=\"app-store-container desktop-view\">\n                            <a href=\"https:\/\/brandequity.economictimes.indiatimes.com\/app\" title=\"\" aria-label=\"Play Store\">\n                                <img decoding=\"async\" loading=\"lazy\" width=\"20\" height=\"20\" src=\"https:\/\/st.etb2bimg.com\/Themes\/Release\/theme4\/images\/icons\/icon-g-play.png\" alt=\"\" \/>\n                            <\/a>\n                            <a href=\"https:\/\/brandequity.economictimes.indiatimes.com\/app\" title=\"App Store\">\n                                <img decoding=\"async\" loading=\"lazy\" width=\"20\" height=\"20\" src=\"https:\/\/st.etb2bimg.com\/Themes\/Release\/theme4\/images\/icons\/icon-app-store.png\" alt=\"\" \/>\n                            <\/a>\n                        <\/div>\n\n    --><\/p><\/div>\n<figure class=\"download-icon desktop-view\">\n                        <!-- <i><\/i>\n                        <span class=\"scan-text\">Scan to download App<\/span> --><br \/>\n                        <img decoding=\"async\" loading=\"lazy\" width=\"90\" height=\"90\" src=\"https:\/\/st.etb2bimg.com\/Themes\/Release\/theme4\/images\/bar-codes\/brandequity_barcode.png?mod=2909\" alt=\"\"\/><br \/>\n                        <!-- <span class=\"border-bottom\"><\/span> --><br \/>\n                    <\/figure>\n<\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Representative image India&#8217;s largest toy trade event, Toy Biz International 2025, is set to return with its most impactful edition yet &#8212; bringing together over 350 Indian toy brands and 10,000+ buyers from 25 countries, including international retail giants like Walmart, Hamleys India, Landmark, and Lulu Group. Organized by the Toy Association of India (TAI), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":299864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[14205,131833,13262,131831,3426,131825,131827,131832,17725,11315,131830,5995,6234,16699,661,131829,131826,131824,131828],"dealstore":[],"offerexpiration":[],"class_list":["post-299863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing","tag-brandequity","tag-customs-duties-on-imported-toys","tag-exports","tag-global-toy-supply-chain","tag-growth","tag-indian-toy-exports","tag-indian-toy-manufacturers","tag-indian-toys-safety-standards","tag-indias","tag-industry","tag-international-trade-shifts-in-toys","tag-record","tag-rise","tag-sees","tag-toy","tag-toy-association-of-india","tag-toy-biz-international-expo-2025","tag-toy-industry-growth","tag-toy-trade-event-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India&#039;s Toy Industry Sees Record Growth with 239% Rise in Exports By 2023, ET BrandEquity - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=299863\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India&#039;s Toy Industry Sees Record Growth with 239% Rise in Exports By 2023, ET BrandEquity - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Representative image India&#8217;s largest toy trade event, Toy Biz International 2025, is set to return with its most impactful edition yet &#8212; bringing together over 350 Indian toy brands and 10,000+ buyers from 25 countries, including international retail giants like Walmart, Hamleys India, Landmark, and Lulu Group. 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