"The increase in import duty will not help the Indian manufacturers immediately.At the retail level, Chinese toys enjoy 80% shelf space," Manish Kukreja, president of All-India Toy Manufacturers Association, told ET. What the government can do is keep stricter watch on entry of Chinese toys through illegal routes." If we have to compete with Chinese toys, we need to bring down our cost. "We cannot bring down our dependence on costume jewellery from China. The increase in import duty comes at a time when the market sentiment is not very upbeat and movement of goods is slow.

Source: Economic Times February 06, 2018 03:33 UTC