India being one of the leading global producers of low-cost generic medicines has opened up the gates for counterfeiters making Pharmaceutical industry the most counterfeited industry in India. With the increasing trend of buying medicines online, there is a big rise in the number of online pharmacies which can be proved as dangerous trend in future if not regulated properly. Counterfeit drugs not only shrink profits of pharma companies, it also poses a greater threat to consumers causing serious health issues and ... read more
India is one of the world’s biggest producers of FMCG products. The burgeoning USD 13 billion FMCG sector in India- the fourth largest in terms of market size has reached Rs 3.4 trillion (US$ 52.8 billion) in FY18 and is estimated to reach US$ 103.7 billion in 2020. While the online FMCG market is forecasted to reach US$ 45 billion in 2020.
The FMCG market in India is largely fragmented and unorganized thus remains the worst affected industry due to counterfeiting which accounts for over 30% of business revenues, according to industry reports.
Huge income disparities are creating a market for cheap alternatives to ... read more
Crop Protection (Pesticides, Insecticides, Seeds)
India is one of the leading grain exporters in the world with a worth of $26 billion a year. Currently, Indian farmers spend $125 million on pesticides every year. Such great demand inevitably attracts counterfeiters. According to a report from the Indian Chamber of Commerce, the use of ineffectual, illegal products leads to the loss of 10.6 million tons of food per year.
Fake pesticides pose a real life challenge to India’s economy, it is not only compromising sustainableagriculture but also posing ... read more
The global economy is swiftly moving towards digitization. With the Rise of Digital India, we see newer e-commerce websites popping up every day, tapping a huge number of tech savvy internet shoppers of today. The Indian B2C e-commerce market is estimated to rise to USD 200 billion in 2026, while B2B e-commerce was estimated to be around USD 300 billion. ... read more
Today, the Indian auto industry has emerged as one of the fastest growing markets in Asia. The Indian auto components aftermarket is expected to touch 75552 crores by FY19-20 and is expected to register a turnover of US$ 100 billion by 2020 as estimated by Automotive Components Manufacturers Association of India. However, the counterfeit business in the auto industry is a rapidly growing issue, affecting automotive parts, accessories, packaging and the vehicles segment as a whole.
The gravity of counterfeiting in auto components is on the extreme, as the market is full of forged goods ranging from fake engine components, fake engine oils, coolants, brakes to fake ... read more