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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102481) | |
1681. Indian toy industry shows robust growth as exports surge
- Indian toy exports reached $523.24 million, FY 2011–12, when India imported $422.79 million in toys and exported less half of that.
- Between FY 2014–15 and FY 2022–23, exports of toys, games, and sports items increased by 239%, The current toy market is valued at about $1.7 billion, projected to reach $4 billion by 2032 Global Reach.
- The current market size of the Indian toy industry is $1.7 billion, and expected industry is $1.7 billion, and expected to reach $4 billion by 2032 with a 10.5 % annual growth rate. Indian toys are now exported to over 100 countries.
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1682. India's toy industry beats China with high tariffs and quality checks
- Imports from China (FY20 to FY24) Fell from $235M to $41M – 80% drop. import duty hike (20% → 70%) Quality Control Order (QCO).
- Grew from $40M (2014–15) to $152M (2023–24) Global Market Share of India: 0.3% of global exports; China: 80%, India’s domestic toy market share is $3Billion.
- Global toy market is $108B, Industry Expansion Firms like Playgro, Funskool, Aequs expanding in Ujjain & Koppal with High tariffs, QCO, hackathons, cluster development
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1683. Govt's push to toy manufacturing boosted Aatmanirbharta: PM Modi
- On 20 January 2025, The Indian toy industry now expanded at global level or more than 100 countries including USA, UK, and even China the Government of India has identified the sector to create global market to make in India toy.
- Between 2014-15 to 2022-23 increased by 239 %. Import Down 52% – from $332.6 million to $158.7 million. Domestic Market Size: $1.7 billion, projected to reach $4 billion by 2032 (10.5% CAGR).
- BIS Certification: Mandatory for all toys; 30,000+ substandard toys seized recently. PLI Scheme ₹3,489 crore proposed in Budget; ₹1 lakh token amount allocated.The Indian toy industry now expanded at global level or more than 100 countries including USA, UK, and even China the Government of India has identified the sector to create global market to make in India toy. Between 2014-15 to 2022-23 increased by 239 %. Import Down 52% – from $332.6 million to $158.7 million. Domestic Market Size: $1.7 billion, projected to reach $4 billion by 2032 (10.5% CAGR). BIS Certification: Mandatory for all toys; 30,000+ substandard toys seized recently. PLI Scheme ₹3,489 crore proposed in Budget; ₹1 lakh token amount allocated.
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1684. Toy stocks in focus- Budget 2025 announces plans to make India toy hub
- In Budget (1 February 2025), Finance Minister of India announced a national action plan to make India a global hub for toy manufacturing. The initiative is created around 22 lakh jobs across the country. Ok Play India’s share price rose by 2.10% to Rs 17, reflecting positive market.
- The government will set up special toy manufacturing clusters and promote skill development to support this vision. the production of eco-friendly and sustainable toys under a recognized Indian brand identity.
- The policy announcement led to a positive stock market response, with Ok Play India’s stock rising 2.10%. India’s toy export potential is projected to cross ₹1.1 lakh crore, potentially adding ₹400 crore in revenue to the national economy.
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1685. Toy story 2.0: Gujarat steps up to play
- Gujarat’s strong plastics and engineering infrastructure has enabled manufacturers like Aditi Toys to expand rapidly (30–40% CAGR). From April onward, these companies are launching exports to the US and Europe, supported by state plans for a dedicated toy park and cluster development.
- States like Uttar Pradesh, Gujarat, Maharashtra, and NCR have emerged as major toy-manufacturing canters, with currently 1,400+ toy factories in India holding BIS licenses. Gujarat alone has seen around 100 new toy units set up.
- National Growth in Production- India now has over 1,400 toy factories operating with BIS (Bureau of Indian Standards) licenses which greatly improved toy safety and shifted demand toward compliant local manufacturing
- Toy imports from China dropped sharply—from $214 million in FY2013 to $41.6 million in FY2024—while domestic producers now capture over 50% of India’s ₹8,000 crore retail toy market, up from just 20% in 2019.
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1686. Rs 141.82 crore sanctioned for tribal welfare under DAJGUA: Tripura Minister
- On July 1, 2025, Tripura announced Rs 141.82 crore sanctioned under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) for tribal welfare across 392 revenue villages over five years.
- Key allocations include Rs 81.69 crore for hostels, marketing centers, and FRA cells, Rs 14.28 crore for 119 Anganwadi Centres, Rs 1.12 crore for fish farming, Rs 2.36 crore for horticulture, and Rs 42.37 crore for electricity connections to 7,677 households and 512 public places
- The initiatives align with PM's vision for holistic tribal development through schemes like PM-JANMAN, focusing on education, healthcare, and livelihoods, with Nath emphasizing quality education and youth engagement via events like quiz competitions.
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1687. NTPC Green Energy commissions further 64.7 MW Khavda-I Solar PV Project
- On July 1, 2025, NTPC Green Energy declared the final 64.7 MW segment of its massive 1,255 MW Khavda-I Solar power plant is officially operational.
- Marks the third phase to come online after 110.25 MW began operations on June 6 and 146.7 MW on June 28 completing the project's rollout.
- NTPC Green now has around 288.9 MW of solar power commissioned across Khavda solar projects highlighting their ambitious clean energy expansion.
1688. Indian Railways launches 'RailOne' super app: How it helps passengers
- On June 1, 2025, Indian Railways launches the "RailOne" app for combining ticket booking, PNR status, train schedules, coach info, food orders and complaint services in one place.
- Login made simple Users can log in using existing "RailConnect" or "UTS" accounts or choose easy options like MPIN or biometric login.
- The app provides Real time help on the go, live train tracking, instant updates, onboard services and refund support all within a single platform.
1689. Indian Railways updates tatkal booking: Aadhaar, OTP must from today
- On June 1, 2025, Indian Railways makes Aadhaar authentication mandatory for Tatkal ticket bookings, passengers will also need to verify their identity using an OTP sent to their Aadhaar linked mobile number.
- Reservation charts will now be prepared 8 hours before a train scheduled departure instead of the current 4 hours, helping passengers get earlier confirmation of their booking or waitlist status.
- A slight fare hike will come into effect 1 paisa per kilometer for non AC coaches and 2 paisa per kilometer for AC coaches.
1690. US-China tariff war opens door for India to emerge as global toy export hub
- on 13 April President of the Toy Association of India announced that India’s toy exports rose from $40 million (2014-15) to $152 million (2023-24). US toy market worth $41.7 billion a great opportunity for India competes with China on price and quality. supported by policy changes and quality improvement efforts under the Make in India initiative.
- The U.S. has imposed a 145% tariff on Chinese toy imports (earlier accounted for 77% of U.S. toy imports), opening a major opportunity for India to become a global toy export hub.
- Toy imports from China to India dropped sharply from $235 million in FY20 to $41 million in FY24 due to stricter import controls and domestic production scaling up
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