Sitharaman Highlights India's Toy Export Success

India's toy industry has recorded remarkable growth over the past decade, with toy exports reaching $186 million in FY2025-26 and Indian-made toys now being exported to 153 countries, Finance Minister Nirmala Sitharaman said.

India's toy industry is witnessed a remarkable growth in the last 10 years, with exports reaching $186 million in FY 2025–26 and now reaching 153 countries.

Toy imports have declined by 71% since 2019, reflecting the success of quality-focused, self-reliant manufacturing.… pic.twitter.com/L6ZNkjgfRM

— Nirmala Sitharaman Office (@nsitharamanoffc) July 7, 2026

Speaking at an event organised by the Toy Association of India in New Delhi, Sitharaman said the country's focus on quality manufacturing and self-reliance has significantly strengthened the sector.

She noted that toy imports have declined by 71% since 2019, reflecting the success of policies aimed at promoting domestic manufacturing, improving quality standards, and reducing dependence on imported products.

Highlighting the industry's future potential, the Finance Minister said India's toy market is projected to reach $5 billion by 2034. However, she stressed that the country's ambition should extend beyond domestic growth to securing a much larger share of the expanding global toy market.

Sitharaman encouraged the industry to continue innovating, maintaining high quality standards, and strengthening India's position as a global hub for toy manufacturing under the vision of an Atmanirbhar Bharat.