Indian beauty products are finding a welcoming market in Russia due to the current supply crunch in the latter’s market. The alignment of consumer preferences, such as the demand for natural and organic products, presents significant export potential for Indian brands. However, the opportunity has to be grabbed in the nick of time before it is too late.
With rising interest in technology and digital lifestyles, the global robotic toy market is expected to surpass around US$ 63.5 billion growing at a CAGR of 17.5% during the period 2023-2032. India’s robotic toys industry is still in its infancy, though it holds a tremendous opportunity in the sector driven by R&D around the latest technologies like AI, a strong startup ecosystem and being fuelled by the New Education Policy.