India loses $15.6B in taxes to illicit trade

By United One News · AI-generated summary of 1 outlets' reporting

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AI-generated summary of the coverage listed below: India loses an estimated $15.6 billion in taxes each year due to illicit trade. The FT Longitude model estimates the average annual value of contraband, counterfeit and unregulated goods at $231.5 billion, with a range of $172.1 billion to $290.9 billion.

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Counterfeits and Contraband: How Illicit Trade Is Costing India an Estimated $15.6 Billion in Lost Taxes

Right-leaning · Times Now

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First reported by Times Now on ; 1 article from 1 outlets so far.

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