Boomtime for the Black Market ; Financial Mail the Next Superpower Special Report
Mail on Sunday › July 17, 2006
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Summary
INDIA'S formal, taxed economy may be thriving but so is its black market, something that poses huge difficulties for legitimate businesses in all sectors.
More than 25 million watches are sold in India each year, but of these, fewer than half are traded legitimately. The rest are made of smuggled components, often forgeries of designer brands, assembled in countless workshops and sold in street stalls or off the backs of bicycles.See the full content of this document
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Boomtime for the Black Market ; Financial Mail the Next Superpower Special Report
Titan Watches, sister company to Tanishq (see abov...
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