The war against illegal goods as India’s fight

News 13.10.2022

India’s wholesale inflation rate has been declining since July this year but has remained in double digits since April 2021. Last month, the inflation rate was recorded at 12.41%, from 13.93% in July. Consistently high inflation leads to people deferring purchases, purchasing less, going in for reuse and recycling, or just switching to cheaper alternatives. The search for cheaper alternatives kicks up a storm — markets are flooded with cheap inferior goods or spurious and fake brands, giving a dream run to the parallel economy players. (Read More)

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