Toy Sector Task Force Targets 5% Global Market Share by 2032
Why in the news
The minister unveiled a plan to push India’s toy industry onto the world stage, setting a clear market-share goal for 2032.
Key facts
- Announced by: Union Minister Piyush Goyal.
- Goal: 5% of the global toy market by 2032.
- A Task Force will work on production, innovation, exports, skills and global value chains.
- A Toy Sector Playbook guides small firms, startups and makers.
| India’s toy base today | Count |
|---|---|
| Toy clusters | 50 |
| BIS licence holders | 1,800+ |
| Startups | 770+ |
| MSMEs | 21,000+ |
Exam angle
- Target year and share: 2032 and 5%.
- Document launched: Toy Sector Playbook.
- Standards body behind licences: BIS.