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Make-in-India Impact: Toy imports drop by 70 pc, exports up 61 pc over last 3 years

New Delhi: Make-in-India initiative of Prime Minister Narendra Modi's government has yielded positive results for the toy sector in the country with imports down by 70 per cent while a 61 per cent surge in exports in the last three years. For HS Codes 9503, 9504, and 9505, the value of import of toys in India fell from 371 USD million in 2018-19 to USD 110 million in 2021-22, showing a decline of 70.35 per cent. For HS Code 9503, toy imports have decreased even faster, from USD 304 million in FY 2018-19 to 36 USD million in FY 2021-22 for HS Code 9503.

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