According to the annual Emerging Markets Smart Grid: Outlook 2015 study by the Northeast Group, LLC, the world loses US$89.3 billion annually to electricity theft. The highest losses were in India ($16.2 billion), followed by Brazil ($10.5 billion) and Russia ($5.1 billion).
President of Northeast Group Ben Gardner stated : "India loses more money to theft than any other country in the world. The state of Maharashtra—which includes Mumbai—alone loses $2.8 billion per year, more than all but eight countries in the world. Nationally, total transmission and distribution losses approach 23% and some states' losses exceed 50%."