India’s toy industry is undergoing a massive transformation, fueled by government initiatives, rising domestic production, and increasing global demand. Once heavily dependent on imports, India is now a key player in the global toy market, with a projected CAGR of 10-15% and a valuation of ₹11,000 crore in 2024. The Union Budget 2025-26 has further strengthened this sector by introducing incentives for toy manufacturing clusters, MSMEs, and sustainable toy production.
With India emerging as a global toy hub, toy manufacturing units are thriving in states like Madhya Pradesh, Gujarat, Delhi, Tamil Nadu, and Chhattisgarh. This growth is further fueled by strict quality control regulations, increased import duties, and a push toward eco-friendly toy production. In this blog, we will explore the latest developments, business opportunities, government policies, and the future of toy manufacturing in India.