India’s toy manufacturing sector is approximately $1.35 billion, which accounts for only 0.5 percent of the global market. According to a Research and Markets report, the industry is expected to grow to $2.73 billion by 2027, at a compound annual growth rate (CAGR) of 12 percent.
(This story appears in the 27 January, 2023 issue of Forbes India. To visit our Archives, click here.)