Illicit goods trade stood at ₹2.6 tn in FY20: Ficci

NEW DELHI : Illegal sales of consumer goods such as mobile phones, FMCG products, packaged foods, tobacco products and alcohol stand at 2.6 trillion in 2019-20, according to a Ficci report.

The FMCG sector including household and personal care goods, and packaged foods together account for three-quarters of the total value of illicit goods sold in five key industries, Anti-Smuggling Commission and Ficci’s Economic Destruction (CASCADE) said in its report released Thursday.

According to the report, the estimated damage to the illegal trade pass in these five key industries is: 58,521 crore. Two highly regulated and taxed industries – tobacco products and alcoholic beverages – account for 49% of total tax losses.

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