Fake products: 80% of consumers believe they use genuine ones, say FICCI
Nearly 20 per cent accidents on Indian roads are caused by counterfeit auto-products. Further in the FMCG sector, 30 per cent goods sold are fake and 80 per cent consumers believe that they are using genuine products.
FICCI CASCADE said counterfeiting and illicit trade has also led to huge revenue loss to the exchequer. Image source: Reuters