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Story of India's Toy Industry: On the Verge of Massive Expansion

StartupTalkyStartupTalky · 7m
Story of India's Toy Industry: On the Verge of Massive Expansion

The Indian toy industry is set to become a major player in the global market, with forecasts predicting it to reach $3 billion by 2028. The government has implemented various initiatives to support the growth of the industry, including higher import tariffs and quality control measures. These efforts have resulted in a significant increase in exports and an improvement in the overall quality of toys in the domestic market. To further compete with countries like China and Vietnam, the industry needs to focus on technological advancements, e-commerce, brand-building, and collaboration with local artisans. The success of the Indian toy industry showcases the country's potential in the international market.

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