Piracy in Indias Entertainment Industry Causes Huge Losses to Indian Economy

U.S. Newswire | March 27, 2008 | Copyright

To: NATIONAL EDITORS

Contact: Aditi Mody, +91-98105-82052, amody@uschamber.com, or Nivy Mehra, +91-99583-54455, nmehra@uschamber.com, both of the U.S.- India Business Council

MUMBAI, India, March 27/PRNewswire-USNewswire/ -- The U.S.-India BusinessCouncil(USIBC)has released a new study showing huge job and revenue losses to the Indian economy as a result of piracy in Indias burgeoning entertainment industry. The study - The Effects of Counterfeiting and Piracy on Indias Entertainment Industry - prepared for USIBC by Ernst& YoungIndia, shows as much as Rs. 16,000 crores are lost each year due ...

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