Fake goods on the rise in India; illicit trade increases 44% in two years, new report shows
A study from the Federation of Indian Chambers of Commerce and Industry (FICCI) in India has revealed that the trade of fake goods in the country rocketed from 2011-2012 to 2013-2014. This confirmation that illicit goods are a pervasive part of the Indian economy – estimated to be between 8% and15% of the country’s total gross domestic product (GDP) – serves as a stark reminder that the global trademark community urgently needs to focus awareness and enforcement efforts in the region.
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