India's toy exports need rapid growth to meet 5% global target

India's toy exports more than doubled to $718.3 million in 2025, but its global share remains just 0.54%, far from the government's 5% target. At current growth, exports would reach only $1.28 billion by 2032, while $7.82 billion is needed. Vietnam, by contrast, surged to 8.26% of global exports over the same period, highlighting India's slow integration into global supply chains.