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flag India loses $95 billion yearly to smuggling and counterfeiting, harming businesses, taxes, and public health.

flag Illicit trade in counterfeiting and smuggling threatens India’s economic growth, with an estimated Rs 7.97 lakh crore lost annually across key sectors like textiles, FMCG, alcohol, tobacco, and personal care. flag These activities undermine legitimate businesses, reduce tax revenues, and pose health risks, especially in heavily taxed industries where punitive rates drive illegal markets. flag FICCI CASCADE highlights the need for stronger enforcement, international cooperation, and public-private collaboration, supporting training for over 150 Haryana police officers and advocating for unified global action to combat transnational illicit economies.

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