Balanced
Genuinely crack down on fakes
Widespread counterfeits plague India, affecting one in three urban consumers. Regulators and brands use AI and analytics for authentication, but technology also aids counterfeiters in a sophisticated struggle. The economics of fakes, driven by price disparities, impact most industries. India's development stage provides limited deterrence, significantly burdening law enforcement. A coordinated response from industry and regulators is crucial to combat fraudulent goods effectively.
Economic Times · ET Bureau · May 10, 2026 at 6:14 PM