The impact of piracy on the film industry is substantial. According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI), the Indian film industry loses approximately ₹29,000 crores (approximately $4.3 billion USD) annually due to piracy. This loss not only affects the revenue of the film industry but also has a ripple effect on the economy, leading to job losses and reduced investment in the creative sector.
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