Toy Sector in India
Challenges
- Foreign Dependence for Sourcing Raw Materials: Indian producers are experts in puzzles, soft and plastic toys, and board games, among other things. To produce these toys, businesses must import raw ingredients from South Korea and Japan.
- Lack of technology appears to be another obstacle for the Indian toy sector. The majority of domestic toy producers use antiquated equipment, which has an impact on the aesthetics and functionality of the toys.
- High GST rates on toys present another difficulty for the Indian toy business. Currently, non-electronic toys are subject to 12% GST, while electronic toys are taxed at 18%.
- Infrastructure Deficit: The ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economic Development
- 1 Strengthening MSMEs: Challenges & Opportunities
- 2 Need for Reforms in Agricultural Marketing
- 3 Reforming the PDS for Better Nutrition
- 4 Monetary Policy & Poverty Alleviation: Challenges and Suggestions
- 5 Public Debt Management: Challenges and Way Forward
- 6 India's Agri-Subsidy and WTO Norms
- 7 FRBM Act: Fiscal Prudence vs. Contingent Compulsions
- 8 Regulation of Pharma Sector in India
- 9 Indian Discoms: Challenges and Suggestions
- 10 Critical Minerals for India
