India Toy Exports Surge to USD 325.72 Million in 2022-23

By By Rediff Money Desk, NEWDELHI
Feb 02, 2024 19:59
India's toy exports have soared to USD 325.72 million in 2022-23, a significant increase from USD 96.17 million in 2014-15. The government's support for the toy industry has led to a robust manufacturing ecosystem and reduced imports.
New Delhi, Feb 2 (PTI) The country's toy exports have jumped to USD 325.72 million in 2022-23 from USD 96.17 million in 2014-15, Parliament was informed on Friday.

Minister of State for Commerce and Industry Som Parkash said that the government is providing all-round support for creating a conducive manufacturing ecosystem for the toys industry.

As a result of measures, the manufacturing ecosystem of the industry has witnessed "remarkable" growth, leading to a substantial decrease of 52 per cent in overall import of toys from USD 332.55 million in 2014-15 to USD 158.7 million in 2022-23, Parkash said in a written reply to the Rajya Sabha.

The exports have increased by 239 per cent from USD 96.17 million in 2014-15 to USD 325.72 million in 2022-23, he said.
Read More On:
toy exportsindia toystoy industrytoy manufacturingsom parkash
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Royal Enfield Unveils Electric Bike Flying Flea...

Royal Enfield enters the electric bike segment with the Flying Flea C6, a...

Sagility India IPO: Rs 945 Cr Anchor Investor...

Sagility India, a healthcare tech services provider, raised Rs 945 crore from anchor...

Sebi Demands Rs 130 Crore from 5 Entities in...

Sebi has issued demand notices to five entities, including Netizen Engineering and Citi...

Suzuki Unveils First Electric SUV: e Vitara

Suzuki launches its first mass-production battery electric vehicle, the e Vitara, in...

FSIB Recommends Rahul Bhave for IFCI MD Post

FSIB has recommended Rahul Bhave, currently Deputy Managing Director of IFCI, for the...

IRFC Q2 Profit Rises 4% to Rs 1,613 Cr, Interim...

IRFC's net profit for the September quarter rose 4% to Rs 1,613 crore, with total...

Sebi Suspends Embassy Office Parks CEO: NFRA...

SEBI has suspended Aravind Maiya, CEO of Embassy Office Parks Management Services,...

Raymond Q2 Profit Drops 63% to Rs 59 Cr

Raymond Ltd reports a 63% decline in Q2 profit to Rs 59.01 crore, driven by strong...

In-flight WiFi Access: New Rules Clarify Device...

India's new aviation rules clarify that in-flight WiFi is only available when...

Metro Group Launches Construction Tracker in Thane

Metro Group introduces a 'live construction tracker' feature for its upcoming project,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com