Illicit mkt in 5 key sectors valued at 7.9L cr: Study
Times of India | 17 November 2025
Kolkata: The size of the illicit market in five key sectors — packaged FMCG, including personal and household care, alcohol, tobacco, textiles and apparel — was valued at Rs 7.9 lakh crore, according to a Ficci-Cascade study.
The study highlighted that the apparel and textiles segment, valued at around Rs 4.03 lakh crore, makes up for over 50% of illicit trade. The illicit market for packaged FMCG was estimated to be valued at above Rs 2.23 lakh crore and for personal and household care at Rs 73,813 crore.
Sonali Ghoshal, co-chair of Ficci West Bengal State Council, said India's rapid economic growth has invited new vulnerabilities.