A recent analysis of the confederation of the Indian industry has been in the position to report that the domestic toy industry has increased beyond comprehension over the period of time. Many manufacturers are entering into this industry to develop soft toys because after the make in India campaign has been launched by the president of the country the demand of these toys have increased from 20% to 70% in a span of 5 years and this has been a huge jump in any industry that has been experienced for the time being.
It is important to note that the possibility of the increase in the sales is also attributed to better export opportunities in the neighbouring Asian countries such as China because for them India is the most affordable market to purchase all of these goods over the period of time. In fact the quality and the utility of toys has doubled over the period of time. This quality has been more than the existing quality and this has been one of the most important reasons to promote better sales over the time. In fact the country will also become the production of electronic toys in order to capture the other part of the country as well. Such kind of developments will definitely help to increase the gross domestic product.
The complete industry has been valued at 102 million dollars and this has been the largest in all these years. According to the sources it is expected that the value will come back to almost three times the existing valuation by the end of 2025 because the industry is moving at a very high speed. The administration of the prime minister has been able to introduce different opportunities of establishing production units. It has been possible only after it has extended financial opportunities to the medium and small businessman so that it is possible for them to Enter into the manufacturing sector. This industry has also received a lot of subsidy from the government so that the cost of manufacturing is reduced as soon as possible and at the same point of time it is feasible for the country to move ahead with better opportunities. It is important to understand that the government will try its level best to improve the efficiency of its performance over the period of time so that there is no looking back.
It is only with the help of collective opportunities and facilities given by the government that it will be possible to give a tough competition to other manufacturers which belong to other countries such as China. It is for the second division that the country wants to decide the future cosecution on multiple parameters because it will help to take a given decision over the period of time. This will definitely help the company to over the period of time.