Donald Trump tariff policy can make Indian toy industry rich the market is growing rapidly

A golden opportunity has arisen in the global market for the Indian toy industry. After the high tariff imposed on China, Vietnam, Bangladesh and other countries by the US, India is now ready to emerge as a competitive exporter. Exporters believe that Indian toy manufacturers have already taken steps towards increasing production capacity and partnership with global companies to take full advantage of this opportunity.

Low tariffs for India, big hope

Recently, the US has imposed an import duty of 26 per cent on toys coming from India, while China has been imposed a tariff of 54 per cent, 46 per cent on Vietnam, 37 per cent on Bangladesh, 32 per cent on Indonesia and 36 per cent on Thailand. In such a situation, India has emerged as a comparatively cheap option.

India’s growing toy exports

Talking about statistics, India’s toy exports have remained strong in the last three years. Its exports have increased from $ 32.6 million to $ 34.8 million. Along with this, it is expected that if a bilateral trade agreement with the US is soon, then Indian companies will get even more strength in the global market.

It is important to increase production capacity

However, experts believe that India will have to expand its production structure to take full advantage of this opportunity. Steps like quality standard and customs increase by the government have helped Indian companies to become self -sufficient from Chinese imports.

While India’s toy import from China in 2012-13 was $ 21.4 million, in 2023-24 it has come down to $ 4.16 million. Meanwhile, China’s stake has come down from 94 percent to 64 percent.

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