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Hasbro, Mattel Find Growth in India, Government Looks To Tackle Quality

China 2798 Cons. Discr. - Durables 422 Cons. Discr. - Retailing 379 India 447

The Indian government reportedly plans to restructure the tariff code for toys as part of a push to improve the quality of imports. There’s been a surge in India’s toy imports recently with 24.6% year over year jump in shipments in the 12 months to Sept. 30, led by those from China which represented 26.5% of the total. Imports by the major brand owners have grown quickest. Shipments linked to Habro climbed 221% while Mattel’s rose by 61.4%, though growth for both has slowed recently. Retailer Reliance Lifestyle has seen a reduction of 8.9% in the past 12 months while smaller, independent...

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