India Accounts For 60% of World's Counterfeits, Study Finds

Law360, New York (November 19, 2003, 12:00 AM EST) -- India accounts for as much as 60% of the counterfeit goods in the world, a study by Permacel Private Limited found.

The country is one of the world's top producers of counterfeit drugs, leading to losses of about $800 million per year for the pharmaceutical sector, according to the study.

Piracy also leads to heavy losses in other industries. The impact on the food and consumer goods industry is estimated at $600 million to $1.8 billion, according to the study. In the auto industry, losses from...
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