Large drop in toy imports over the past three years, says Piyush Goyal


The country’s toy imports fell to $ 130 million in 2020-2021, from $ 304 million in 2018-19, according to government data.

Trade and Industry Minister Piyush Goyal said the government was protecting the interests of the domestic toy industry by promoting toys made in India.

It also helps thousands of artisans in several toy groups, he said in a tweet on Thursday.

“Big drop in toy imports over the past 3 years,” he added.

The government has taken a series of measures to promote domestic toy manufacturing to ensure that no cheap substandard and dangerous toys are imported into India.

It has taken important steps to promote the domestic toy industry in the country, including mandatory sample testing of every shipment of imported toys, increasing the basic tariff from 20 percent to 60 percent , the implementation of the Toys (Quality Control) Ordinance with effect from January 2021.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor


About Author

Comments are closed.