FMCG smuggling

50% Surge in Illicit Textiles, FMCG Market Bleeds Indian Economy: Report

The illicit market in India has surged across key industries, posing severe challenges for legitimate businesses and affecting government revenue collection. According to a report by FICCI CASCADE, the value of the illicit market reached Rs 7.97 lakh crore in 2022-23, with the textile and apparel sector accounting for over...