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Fake products: 80% of consumers believe they use genuine ones, say FICCI
Tue, Jun 12, 2018
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.
15% of India's GDP is from fake goods, Survey finds
Mon, May 15, 2017
In just 7 sectors of India, the illicit trade of fake goods has crossed Rs 1.05 lakh crore, representing a multi-billion-dollar industry globally that continued to grow. FICCI CASCADE reports found that approximately 8-15% of India's GDP was made up of fake goods dealings.