Articles 8th May 2024
The toy sector has been recognized as one of the champion sectors in India. Currently, the Indian toy market is valued at USD 1.7 billion and is forecasted to grow at a CAGR of 4.97% to reach USD 4.4 billion by 2032. Notably, the present geo-political scenario as well as several policies of the Indian government have contributed to this growth trend.
Against this backdrop, Nishant Shah, Partner, Stella Joseph, Partner & Prakhil Mishra (He/Him) Principal Associate with inputs from Shubham Bhandari, Associate, Economic Laws Practice (ELP) share their views in the article “Exploring the Toy Market in India” on India’s regulatory/compliance landscape for foreign toy manufacturers and brands and their entry into the Indian market published in Toy World magazine.