Piracy in India damaging economy

The US-India Business Council (USIBC) has released a study showing huge job and revenue losses to the Indian economy as a result of piracy in India's burgeoning entertainment industry. The study – prepared for USIBC by Ernst & Young India, shows as much as Rs.16,000 (E253m) are lost each year due to piracy. As many as 800,000 direct jobs are also lost as a result of theft and piracy, afflicting India’s entertainment industry.