Piyush Goyal Announces Task Force for Toy Sector, Targets 5% Global Share by 2032

30 July 2026National

In July 2026, Union Minister Piyush Goyal, Ministry of Commerce & Industry, announced the formation of a Task Force to support India's toy sector, targeting a 5% share of the global toy market by 2032. The announcement came at the stakeholder meet 'Team Up for Toys' organised by the DPIIT. The Task Force will focus on six areas - integrating the toy industry with global value chains, strengthening domestic manufacturing, addressing value-chain bottlenecks, skilling and employment, promoting design and innovation, and improving ease of doing business. A Toy Sector Playbook was also launched. India's toy ecosystem now includes 21,000+ MSMEs, 770+ DPIIT-recognised startups, 50 toy clusters and 1,800+ BIS licensees.

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DPIIT functions under the Ministry of Commerce & Industry | Renamed from DIPP in 2019 | BIS (Bureau of Indian Standards) is India's national standards body | Union Commerce & Industry Minister: Piyush Goyal

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Union Minister Piyush Goyal announced a Task Force for the toy sector targeting a 5% global market share by 2032, alongside a Toy Sector Playbook, at DPIIT's 'Team Up for Toys' meet.

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