Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

India’s counterfeit market grows

September 9, 2015 by admin News 0 comments

Counterfeit and smuggled products account for over one fifth of India’s FMCG market according to a study which says sales of fake goods are growing at a faster rate than the overall market.

A report from industry body FICCI and consultancy firm KPMG said that the counterfeit market was increasing at 44% a year, around four times the speed of the FMCG market; it was estimated to be worth some Rs 1.05 lakh crore in 2014.

http://www.warc.com/Content/News/India39;s_counterfeit_market_grows.content?ID=0e1f2dea-ec2a-48b0-b33b-f7a502751559

Prev
Next

Related Posts

Mumbai: Liquor worth Rs 1 crore seized in 2 days, four smugglers held
May 22, 2021

In the past two days, the state excise department has seized liquor worth Rs 1...

Cheetham Hill: Tonnes of fake goods seized in raids repurposed
April 12, 2023

Police have repurposed about 300 tonnes of counterfeit goods seized from shops...

Three held for selling counterfeit branded jeans in Delhi 684 fake items seized
August 2, 2025

New Delhi, Aug 2 (PTI) Three shop owners have been arrested in outer Delhi's...

4 arrested for selling imported cigarettes in Mancherial.
January 13, 2020

Mancherial: Sleuths of Ramagundam Task Force busted a four-member gang involved...