India ranks 5th position in the exports of Fake goods globally while china is No.1 in the list with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged and pirated goods.
Ranking of Countries affected by global Trade in fake goods:
1. US
2. Italy
3. France
4. Switzerland
5. Japan
Value of imported fake goods worldwide at USD 461 billion in 2013, compared with total imports in world trade of USD 17.9 trillion. 5% of goods imported into the European Union are fakes Half a million customs seizures around the world over 2011-13. Fake products handbags, perfumes, machine parts, chemicals and footwear.
Source- The HIndu
