Source: The Hindu Post 1960s.. Govt. of India reserved toys a | ECONOMY by VIVEK SINGH
Source: The Hindu
Post 1960s.. Govt. of India reserved toys and various other products to be produced only by MSMEs. This led to inefficiency and costly toys but the MSME industry was surviving because it was also protected from imports through 200% import duty. But post 1991 and after WTO (1995)... India reduced import duty and our MSMEs got wiped out and the domestic market was captured by cheap Chinese toys.
Post 2014.... Govt. is reviving the Toy industry through the various measures discussed in the article.
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