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Atmanirbhar toy industry: Modi hails fall in imports to cite self-reliance

Exports up 31% from $417.32 million in 2018-19 to $545.97 million in 2021-22

Prime Minister Narendra Modi addresses nation on 76th Independence Day at Red Fort. (PTI Photo)
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Prime Minister Narendra Modi addresses nation on 76th Independence Day at Red Fort. (PTI Photo)Prime Minister Narendra Modi addresses nation on 76th Independence Day at Red Fort. (PTI Photo)

Shine Jacob Chennai
Prime Minister Narendra Modi’s Independence Day speech on Monday cited India’s toy industry when he called for reducing imports and promoting an Atmanirbhar Bharat (self-reliant India).

His comments come at a time when the country’s toy imports are down 39 per cent from $645.63 million in 2018-19 to $392.92 million in 2021-22. Exports increased 31 per cent from $417.32 million in 2018-19 to $545.97 million in 2021-22. “Even five to seven-year-old children say that they do not want to play with foreign-made toys. I salute them. This shows the spirit of Atmanirbhar Bharat within them,” Modi said.

A majority of