The aim is to create awareness amongst stakeholders in the fight against fake.
Uttar Pradesh, Rajasthan and Madhya Pradesh are the top three states with the highest counterfeit incidents reported in the last year. The top three states represent almost 46% of the counterfeit incidents reported in India. Most of these cases are being reported in Alcohol, Currency, FMCG, and Pharma.
The report studies and highlights the trends of counterfeiting incidents reported in India for the period January 2018 to December 2020, providing special insight on 2020 incidents.
According to the report, counterfeiting incidents have risen rapidly /steadily in the last few years.
While counterfeiting is a global menace and no economy in the world has remained unaffected by this menace, the latest trends are alarming for the lives of citizens and Indian economy. Globally, it now stands at 3.3% of global trade (according to OECD report) and is impacting the social and Economic Development of countries.