Manufacturing sector losses increased 44 per cent due to illicit trade: Study

Seven major manufacturing sectors suffered an estimated loss of Rs 1,05,381 crore during 2013-14 due to illicit trade, according to a FICCI report.

The study on ‘Illicit Markets’ focused on seven major manufacturing sectors — auto components, alcoholic beverages, computer hardware, FMCG personal goods, FMCG packaged foods, mobile phones and tobacco.

On account of illicit trade, FICCI-CASCADE report said, the estimated loss to these seven sectors has increased by 44.4 per cent.

 

http://economictimes.indiatimes.com/articleshow/46855389.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst