India’s fake luxury market ‘to double’ in a year

16/01/2014

Growing at a compound annual growth rate of 40-45%, the counterfeit luxury products market in India is likely to more than double to Rs 5,600 crore ($910 million) by 2015, according to industry body the Associated Chambers of Commerce and Industry of India (ASSOCHAM). “The market for fake luxury goods in India is growing at twice the growth rate...