NEW DELHI : Almost 25-30% of all products sold in the country are spurious with counterfeiting being most prevalent in apparel and FMCG sectors, followed by pharmaceutical, automotive, and consumer durables, a joint report by Crisil and the Authentication Solution Providers Association (ASPA) said. “Counterfeiting is most prevalent in apparel (31%), FMCG (28%), and Automotives (25%) are the top segments where consumers came across a counterfeit product, followed by Pharmaceuticals (20%), Consumer Durables (17%), and Agrochemicals (16%),” the report said.
Almost 25-30% products sold in India spurious with counterfeiting: Report
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