DH Latest NewsDH NEWSLatest NewsIndiaNEWS

Toy exports from India gain by 61%

New Delhi: The Union Ministry of Commerce informed that the toy export from the country has gained by 61% in last three years. The import of toys decreased by 70% in the period. As per the ministry, the ‘Make in India’ policy launched by the Union government is the main reason for this.

Also Read: Private sector bank hikes lending rate for third time since May 

As per the data, the import of toys to India has reduced to $ 110 million in 2021-22 financial year. It was at $ 371 million in 2018-19 fiscal year. . For Harmonized System Codes (HS Codes) 9503, 9504, and 9505, the export of toys has increased from $ 202 million in 2018-19 fiscal year  to $ 326 million in 2021-22 fiscal year.  For HS Code 9503, exports of toys have increased from $ 109 million in 2018-19 fiscal year  to $ 177 million in 2021-22 fiscal year.


Post Your Comments

Back to top button