The Indian toy industry, whose size is estimated at about Rs 8,000 crore is expected to grow at a compound annual growth rate (CAGR) of 30 per cent by 2015. The overall toy imports into India increased at a CAGR of 25.21 per cent between 2001 and 2012. Imports from China and Italy surged at a CAGR of 30 per cent and 38.6 per cent respectively during this period.
The toy industry in India is concentrated mainly in the small and cottage sectors, with about 4,000 manufacturers in all. About 50 per cent of the toy units are in Delhi-NCR, 35 per cent are in Maharashtra, and the remaining 15 per cent are scattered across the country.
The toy industry currently employs around three million people in the organized and unorganized sectors. The number is likely to rise to around five million by 2015. The size of India's toy industry may touch Rs. 13,000 crore by 2015 compared with Rs.7,500 crore in 2012.