India’s fast-growing toy manufacturing sector has been jolted by steep US tariffs leaving factories idle, expansion plans frozen and millions of dollars’ worth of goods stranded in warehouses, a report has highlighted. Babu estimates the company is sitting on nearly $20 million worth of unsent inventory, while fresh orders worth another $15 million are on hold. “We had plans to expand,” he told Bloomberg. “You couldn’t move that to America at a commercially viable price,” he told Bloomberg. Plan C, focus on the Indian market,” Kharbanda told Bloomberg.

Source: The Telegraph December 23, 2025 10:19 UTC