This is executive summary of 9 illicit markets studied by TARI – FICCI CASCADE : FMCG Packaged Goods, FMCG Personal Goods, Automobiles, Computer Hardware, Mobile Phones, Tobacco, Alcoholic Beverages, Broadcasting and Motion Pictures industries – detailed in separate reports. It says illicit markets grew significantly to cause a loss of Rs 105,381 crore to these industries in 2014.
It estimates size and growth of illicit markets in each industry between 2012 and 2014. The alcoholic beverages industry grew the most, by 63.7%, and computer hardware the least, by 27.9%. Rapid technological advancement and economic liberalisation seem to have opened up avenues for growth of a parallel economy, impacting investment and innovation adversely. For further details please view our report…
Corruption afflicts all countries, undermining social progress and breeding inequality and injustice. When desperately needed development funds are stolen by corrupt individuals and institutions, poor and vulnerable people are robbed of education, healthcare and other essential services
UN Secretary General, Mr Ban Ki-Moon