Union Budget 2025: How India plans to become a global toy hub

In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced initiatives to make India a global toy hub by developing clusters, skills, and a manufacturing ecosystem for high-quality, sustainable toys. India has significantly reduced reliance on Chinese toys, with imports dropping by 80% from FY20 to FY24. This milestone marks Sitharamans eighth consecutive budget presentation.