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

3 held smuggling sugar from India
November 27, 2023

Some syndicates are smuggling 400 to 500 sacks of sugar daily from India to...

Police dismantle major tobacco smuggling ring in Ontario
December 16, 2013

HAMILTON, Ont. – Authorities say a large contraband tobacco smuggling and...

Police bust gang involved in cheating people, seize fake notes of Rs 1 crore in Telangana
September 12, 2021

Telangana’s Rachakonda police seized fake Indian currency notes with a face value...

Taxing question of curbs on tobacco smuggling
August 18, 2015

GCC health ministers last month endorsed the call for a 100 per cent increase in...