Task force for toy sector announced, targeting 5% global market share by 2032
Commerce Minister Piyush Goyal on 27 July 2026 announced a task force to help India reach a 5% share of the global toy market by 2032, and launched the Toy Sector Playbook at DPIIT's 'Team Up for Toys' meet.
Summary
At the stakeholder meet 'Team Up for Toys: Driving SCALE, Innovation and Exports', organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan, New Delhi, Union Commerce & Industry Minister Piyush Goyal announced a task force to support the toy sector and identify interventions for a 5% share of the global toy market by 2032. The task force has six objectives: integration with global value chains, strengthening manufacturing capabilities, resolving value-chain bottlenecks, creating a skilled workforce and employment, enabling design and innovation, and enhancing ease of doing business. The event also marked the launch of the Toy Sector Playbook.
Key facts
- Announced by
- Piyush Goyal, Commerce & Industry Minister
- Target
- 5% share of global toy market by 2032
- Event
- 'Team Up for Toys: Driving SCALE, Innovation and Exports'
- Organiser / venue
- DPIIT, Vanijya Bhawan, New Delhi
- Task force objectives
- Six – GVC integration, manufacturing, value-chain bottlenecks, skills & jobs, design & innovation, ease of doing business
- Launched
- Toy Sector Playbook
Practice MCQs 3 questions
The task force for the toy sector announced in July 2026 aims for what share of the global toy market by 2032?
Show answer
Correct answer: B — 5%
Piyush Goyal announced the task force with the goal of a 5% share in the global toy market by 2032.
The 'Team Up for Toys: Driving SCALE, Innovation and Exports' stakeholder meet, where the Toy Sector Playbook was launched, was organised by which body?
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Correct answer: D — DPIIT
The meet was organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan, New Delhi.
Which of the following is NOT among the six objectives of the toy-sector task force announced on 27 July 2026?
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Correct answer: C — Imposing quantitative restrictions on toy imports
The six objectives are: integration with global value chains, strengthening manufacturing capabilities, resolving value-chain bottlenecks, creating a skilled workforce and employment, enabling design and innovation, and enhancing ease of doing business. Import restrictions are not among them.