In 2019-20, the sale of illicit consumer goods such as fast-moving consumer products, mobile phones, packaged foods, tobacco products, and alcoholic beverages stood at Rs 2,60,094 crore. The FMCG industry, which includes packaged foods and household and personal care goods, accounted for three-fourths of the total value of illicit goods sold in the five key industries Counterfeiting Activities Destroying the Economy (CASCADE) and FICCI’s Committee Against Smuggling, media reported. 

• Kotak Mahindra Bank Shares Crash 13% Post RBI Action 
• Nestle India Joins Hands With Dr Reddy for Nutritional Health Solutions 
• Inox Wind Shares Traded 9% Higher On Board Proposal For Bonus Shares Issuance
• Nestle India Stocks Gained 3% on Q4FY24 Business and Financial Updates
• Rail Vikas Nigam Shares Gain 3% on Securing Project Worth Rs 239 Crore 

Meanwhile, the FMCG industry packaged foods industry held the highest share of illicit trade at Rs 1,42,284 crore, this was followed by the alcoholic beverage at Rs 23,466 crore, the household and personal goods industry at Rs 55,530 crore, the mobile phone industry at Rs 15,884 crore and tobacco products at Rs 22,930 crore.

In the illicit market, the top industry was FMCG household and personal goods at 34.25 per cent, followed by packaged foods industry at 25.09 per cent, the tobacco products industry at 20.04 per cent, the alcoholic beverage industry at 19.87 per cent, and the mobile phone industry at 7.56 per cent.