Indian toy market In the kaleidoscope of childhood memories, toys stand as vibrant hues, shaping young minds and fostering joy. India, with its rich tapestry of traditional toys, is witnessing a remarkable transformation in its toy retail industry. For business heads and decision-makers, understanding this dynamic market is not just a strategy but a journey into the hearts of future consumers – the Gen Z entrepreneurs. The Thriving Indian Toy Market Picture this: In 2022, the Indian toy market painted a canvas worth USD 1.5 billion , a testament to its resilience and growth. Projections are nothing short of a fairy tale – a leap to USD 3 billion by 2028, with a magical CAGR of 12.2% from 2023 to 2028 . What conjures this growth spell? It's a symphony of rising earnings, a burgeoning middle class, an expanding population of children, and an enlightened understanding of the pivotal role play holds in child development. To fortify this enchantment, the government has woven spell...
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