World's play store: India scripts a local toy story, turns a net exporter

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

Although India’s share in the world toy trade has marginally improved, it still lags behind China’s. Toys are not China’s main item of export, but about two-thirds of the toys sold globally are from China.

The world exported toys worth $73.2 billion in 2021: China accounted for 66.2 per cent, or $48.5 billion of that, out of which mainland China made up $46.1 billion and Hong Kong $2.4 billion. By comparison, India’s toy exports were a minuscule 0.23 per cent of the world’s toy exports.
 

However, in a major boost for the country’s domestic manufacturing capacity, India is likely