New Delhi: India has been able to ramp up exports of toys and electronic goods because of its efforts to push manufacturing in the country, President Droupadi Murmu said on Tuesday in her first address to the joint sitting of Parliament as the Budget session began

“India’s manufacturing capacity is on the rise. The country is making efforts towards manufacturing semiconductor chips to air planes. Due to such efforts, India’s exports are rising. Until a few years back India used to have high volumes of mobile phones. But now India is a big large exporter of mobile phones. Toy imports have plummeted by 70% while exports have jumped by over 60%," Murmu said.

India exported toys worth $326.63 million in financial year 2021-22, up from $96.17 million in 2014-15, Union minister of state for micro, small and medium enterprise (MSME) Bhanu Pratap Singh Verma had said earlier.

In a written reply in Lok Sabha, the minister had said that import of toys to India fell to $109.72 million in 2021-22 from $332.55 million in 2014-15.

Mint had reported that the Union government is planning a ₹3,500 crore production-linked incentive (PLI) scheme for toys that comply with Bureau of Indian Standards (BIS) norms to cut imports of unsafe toys from China and build domestic manufacturing capabilities.