he Indian toy manufacturing sector accounts for only 0.5 percent of the massive global market. With most looking for a China plus one, India is at an advantage, thanks to cheap labour. With rising exports and decreasing imports, things are certainly going in the right direction, but a lot more needs to change to tackle the challenges of the sector
The tax regulations of 2022 have resulted in trading volumes worth Rs 32,000 crore shifting to overseas exchanges last year. Yet, it appears unlikely that the government will budge to review its current stance
Reforms and fiscal consolidation will be the focus of the Budget. And with several states going to polls this year ahead of the 2024 general elections, economists expect big-bang announcements to woo voters