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 ....
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