Rs 7 Lakh Crore Black Market Engulfs 5 Major Indian Industries, FMCG Tops List, Check FICCI’s Report – News18
A new study has found that the size of the illicit market in India stands at Rs 7,97,726 crore in 2022-23. The report attributes the burgeoning size of the illicit market to heightened consumption of high-value branded, luxury, high-end, taxed goods and services, especially among the expanding aspirational middle class, …