"This research highlights the various aspects of this perilous activity and also showcases the challenges ahead if concerted efforts are not made to minimize its effects. As India celebrates 75 years of its glorious independence, I am of the strong view that blunting the impact of illicit trade will certainly pave the way for a t h r i v i n g n a t i o n a l e c o n o m y f o r a prosperous India."

"The illicit market in India is quite pervasive and its growth is evident as well. The FICCI CASCADE commissioned study highlights that the extent of the grey markets in 7 key industries has grown as is apparent from a comparison of grey market percentages for 6 the year 2012 vis-à-vis 2010. This study presents an updated quantitative analysis of the value, scope, and magnitude of illicit markets and its economic impact on legitimate domestic manufacturing industries and the entire economy"