According to an article, the Indian toys market reached a value of US$ 1.35 billion in 2021. Looking forward, the market is projected to reach US$ 2.73 billion by 2027, exhibiting a CAGR of 12.6% during 2022-2027.

Although, the question remains that if we had such a potential, where were we till now?

Yesterday I was reading how India has significantly increased toy manufacturing and exports. Earlier the toy market of India consisted mainly of Chinese toys.
I think toy industry has a huge potential to grow in the coming years.

The potential of Toy industry in India