New Delhi, Feb. 27 -- India's toy industry is on a strong growth trajectory, with the potential to capture a larger share of the global toy market, which is projected to reach USD 179.4 billion by 2032, according to a report by Punjab National Bank (PNB).

The report highlighted the industry's transformation, driven by skill development, technology adoption, and quality improvements.

It said, "India's toy industry is well-positioned to capture a larger share of the global toy market, estimated to reach USD 179.4 billion by 2032."

The Indian toy market, valued at around USD 1.5 billion in 2023, has witnessed significant policy support from the government.

The Union Budget 2025-26 reaffirms the importance of this sector through the annou...