Indian Toy Industry – To Infinity and BeyondIndia’s growing newborn population is one of the main factors driving the rise in demand for toys, leading to a significant expansion of the industry. As of 2023, the Indian toy industry amounts to 1.4 bln EUR making up 0.5% of the global market. Given the demand, with a forecasted growth of average of 10-15% YoY against the global average of 5%, the Indian toy market is expected to reach 1.8 bln EUR by 2024.Additionally, inflating disposable income levels and the rising awareness among individuals about the benefits of toys in improving the …