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

Ahead Of Kairana Bypoll, Illegal Alcohol Worth 1 Crore Seized
May 7, 2018

MUZAFFARNAGAR:  The police today claimed to have seized liquor worth Rs. one...

Gold worth ₹1.1cr seized at Trichy airport
November 14, 2023

Trichy: The air customs authorities seized 1.8kg of gold valued at 1.1 crore from...

Pune: Flyer held with gold worth Rs 34.8 lakh for smuggling
February 12, 2022

PUNE: Attempts to smuggle gold continues at the city airport despite scheduled...

Be Careful: Gov’t Warned Tax On Alcohol And Tobacco Could Increase Smuggling
March 14, 2017

Last week the finance minister, Audley Shaw, announced an increase in the special...