Decisive steps -- which include raising import duties - to curb the inflow of substandard toy imports by the Indian Government since 2020, especially from China, while simultaneously strengthening the domestic toy industry, as per a latest insight from Global Trade Research Initiative (GTRI).
The steepest decline occurred between FY2020 and FY2022, demonstrating the direct impact of the new regulations. Imports dropped from USD 279.3 million in FY2020 to USD 35.9 million by FY2022, then slightly rose to USD 62.4 million in FY2023 and USD 64.9 million in FY2024. This sharp decrease over the last four years is directly due to (QCO) measures, as per GTRI data. There was an increase in imports from other regions such as ASEAN countries, Sri Lanka, and the Czech Republic.
One of the foremost impact was that the share of imports from China dropped from 87 per cent of India's total toy imports in FY2019 to 64 per cent in FY2024. The Indian toy industry has an estimated value of USD 3 billion in contrast, to USD100 billion of China. In FY2019, share of China was 87 per cent in India's global imports of USD 304.1 million. In FY2024, share of China was 64 per cent in India's global imports of USD 64.9 million. Share of other suppliers was ASEAN with 16.7 per cent, Sri Lanka with 12.4 per cent and Czech Republic contributing 4.7 per cent.
Diese Geschichte stammt aus der May 09, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 09, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
ATISHI TAKES CHARGE AS DELHI'S CM, KEEPS ONE EMPTY CHAIR FOR KEJRIWAL
Atishi expressed confidence in Kejriwal's return as CM, criticizing BJP's attempts to tarnish his image through OW imprisonment.
2020 defamation case filed by BJP leader against Kejriwal, Atishi proceeds
The Rouse Avenue court on Monday listed the defamation case filed against Delhi CM Atishi Marlena, former CM Arvind Kejriwal and others for consideration of arguments on charge.
Gang of auto thieves involved in stealing of high-end vehicles busted
Delhi police have busted a gang of auto lifters which was involved in stealing of high end vehicles in the national capital, it said Monday.
Rau's IAS CEO, coordinator granted interim bail
Earlier, the Delhi High Court had asked the CBI to submit a status report addressing the primary causes of waterlogging in the area and the rainfall data from that day.
Attack on turban during clash at DU's Khalsa College, FIR filed
Two groups of students clashed at Delhi University's Khalsa College, during which a student's turban fell off.
DELHI HIGH COURT: FLIPKART'S 'LATCHING-ON' FEATURE CANNOT BE USED TO SELL COUNTERFEIT PRODUCTS OR MISLEAD GULLIBLE PUBLIC
The court in the case observed that sale of the products by the two individual defendants by passing off their products as those emanating from \"Maharaja\" brand on Flipkart cannot be allowed. The court stated that, the feature of latching-on cannot be used to either sell counterfeit products, or to mislead the gullible public into purchasing products, as emanating from a particular source, when they do not so originate from the said source.
The Supreme Court in the case Suresh Khanderao Chavhanke vs.
The Tirumala Tirupati Devasthanam Trust And Other was hearing the petition filed in wake of controversy regarding the alleged use of adulterated ghee in preparing the laddus at the Tirumala Tirupati Temple.
Delhi Government To Supreme Court: Remission Pleas Stalled Due To Ex-CM Arvind Kejriwal's Incarceration Can Be Processed Now
Earlier, it has been informed by the Delhi Government to the Court that the processing of remission pleas had been stalled because the then CM Kejriwal was unable to sign the necessary files due to his incarceration.
Supreme Court Stays NGT Order Directing Punjab Government To Pay 1,026 Crores For Failure To Treat Sewage Waste
The Supreme Court in the case State of Punjab v.Union of India, UOI observed and has stayed the order of the National Green Tribunal, NGT, wherein the court directed the state of Punjab to pay 1,026 Crores to the Central Pollution Control Board as environment compensation for failure to manage legacy waste and untreated sewage.
Supreme Court Set Aside Order Dismissing FIR Quashing Petition As 'Infructuous' Due To Petitioner's Arrest
The Supreme Court in the case Vidhu Gupta v.State of UP observed and has criticized a decision of the Allahabad High Court, which declared a petition seeking the quashing of an FIR as 'infructuous' solely because the petitioner had been arrested.
