To reduce China’s dominance in the global toy market, the Modi government has made a big announcement in the 2025 budget. Finance Minister Nirmala Sitharaman has presented a budget to make India a toy hub. This could be a big setback for China’s toy market.
The Modi government has announced in the 2025 budget that India will become a global center for toy manufacturing. Finance Minister Nirmala Sitharaman has introduced plans to boost toy production in the country. This will help the toy industry grow across India.
With this initiative, “Make in India” toys will enter the global market and compete strongly. This move could be a big concern for China, which is currently the world’s largest toy producer and dominates international toy markets. However, India is now set to challenge China’s stronghold and establish itself as a major toy hub.
How Big is the Global Toy Market?
Currently, the global toy market is worth around $105 billion (approximately ₹8 lakh crore). By 2025, this market is expected to grow to $131–135 billion. Seeing this opportunity, Prime Minister Narendra Modi has announced in the 2025 budget that India will become a global toy hub. This move aims to help India take advantage of the growing toy industry and challenge China’s dominance in the sector.
India’s Toy Exports and Imports
According to India’s Finance Ministry, India’s toy exports were worth around $150 million (₹1,250 crore) in 2023-24, while the Indian toy market itself is valued at ₹16,000 crore. However, only 25% of the toys sold in India are made domestically, while the rest are imported—mostly from China.
Currently, 70% of India’s toy imports come from China, but with the 2025 budget, the focus is on increasing domestic production. In the near future, India aims to sell 100% “Made in India” toys, not only in its own market but also globally. This initiative will challenge China’s dominance in the international toy industry.
