Pre-Budget Expectations Quote by Vick Rana, Chairman and CEO of Red Ridge Global

The Indian toy and crockery industries are charting an impressive trajectory, with the toy sector projected to reach $3 billion by 2028 at a 12% CAGR, according to Invest India.
With the approaching financial year of 2024, the focus intensifies on economic recovery, particularly in retail within both the toy and crockery sectors. Revitalizing these industries involves embracing e-commerce, enhancing capabilities, and optimizing omni-channel sales.  Embracing cutting-edge technology and an unwavering commitment to elevated quality standards play a pivotal role in guiding both sectors toward global competitiveness amid potential recessionary challenges.

The upcoming budget must strategically align policies with evolving consumer trends, digital technology advancements, and streamlined international trade, encompassing the toy and crockery industries. This economic revitalization is akin to orchestrating a harmonious future, marked by vibrant international market participation, export growth, and effective import facilitation in both domains.”