THE MENACE OF COUNTERFEITING

₹ 1.7 Trillion

Estimated global economic and
social impact of counterfeiting in 2015

(Source : International Chamber of Commerce)

44.4%

Increase in estimated loss to 7 manufacturing industry
sectors due to counterfeting from 2012 to 2014

(Source : FICCI CASCADE Study, 2015)

₹ 10 Million

Worth of counterfeit products were
confiscated in an Emami-led raid in 2012

(Source : The Economic Times)

20%

Road accidents in India occur due to
counterfeit auto parts

(Source : Automotive Component Manufactures Association of India)

10,000%

Growth in the problem of counterfeiting
in the past two decades

(Source : International Anticounterfeiting Coalition)

₹ 400 Billion

Indian exchequer lost in 2014
due to illicit trade

(Source : FICCI CASCADE report 2014)

70%

Goods seized worldwide are getting
imported from China

(Source : IP Crime Group Annual Report 2013/14)

Source : Compilation by The Economic Times

KEY IMPACTS OF COUNTERFEITING

COUNTERFEITING SPARES NO ONE

Manufacturers

Decreases the brand value/loss of goodwill
Declines revenue generation and profits
Decreases customer satisfaction

Consumers

Buys inferior/copied products at the rate of originals
Counterfeited medicines causes potential health hazards
Counterfeited electronics can leads to shocks and death

Economy

Losses in terms of tax revenues for
government Reduces GDP
Loss of legitimate employment

Government

Tax losses
Looses faith of people
Unnecessary expenses in tracking the criminals