Textiles, FMCG products account for about 90% of illicit trade into India, finds FICCI CASCADE study

The illicit market in textiles, apparel, packaged goods, personal and household care, alcohol, and tobacco has grown rapidly in India, undermining legitimate businesses. A report by FICCI's CASCADE and TARI estimates the size of this market at Rs 797,726 crore for 2022-23. High taxes on certain products and rising disposable incomes among the middle class are key factors driving this growth.