The ramifications were devastating for the Indian film industry. In 2012, India faced a severe piracy crisis. A study from that period found that the Indian film industry was incurring losses to the tune of approximately $959 million (roughly ₹5,000 crores at the time) annually due to digital piracy. The problem was so severe that India was placed on an "International Piracy Watch List" for failing to take sufficient action against high rates of digital content theft.
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