💨 Abstract

Counterfeiting and smuggling pose a significant challenge to law enforcement, affecting public welfare and the economy. At a FICCI CASCADE event, officials emphasized the need for stronger enforcement and training to combat the issue. The illicit market in key sectors like FMCG, textiles, alcohol, and tobacco is valued at Rs 7.97 lakh crore, with counterfeiting causing consumer distrust, business harm, and tax revenue losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖