MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact
Legalise direct selling business in India

MLM Growth potential at Rs 64,500 crore by 2025

By Ak Sharma | Published on 12:55 PM

5/5 - (1 vote)

Legalise direct selling business, should have govt assistance: Amitabh Kant

Says industry has enormous growth potential.

Direct selling should not be equated with fraudulent financial schemes and should gain government recognition and proper legislation, Department of Industrial Policy and Promotion (DIPP) Amitabh Kant said on Tuesday.

Speaking at an event about direct selling – the marketing and selling of products directly to consumers away from a fixed retail location, by industry body Federation of Indian Chambers of Commerce and Industry (Ficci), Kant said the industry had enormous growth potential.

Stressing that it was a public business and not ponzi schemes, a number of  which have recently been uncovered in eastern states, Kant called for increased government supervision and assistance in the industry.

“Government needs to be made literate about issues regarding direct selling”, he said. He added DIPP has already sent the draft guidelines on direct selling to the department of consumer affairs, which is the nodal authority for all legislation on the matter, for state level implementation.

In the absence of a proper legal framework, Kant said local administration like tax officials and police need to be educated more to help direct selling which has produces large scale employment.

A report on the industry by international business advisor and auditor KPMG, released at the event, pointed out the size of the industry in India to be Rs 7500 crore in 2013-14.

Although currently, direct selling accounts for around 0.4 per cent of all retail sales in the country, the report pegged its growth potential at Rs 64,500 crore by 2025.

The market for direct selling managed to grow at an impressive compounded annual rgrowth rate of 16 per cent in the last five years.

The total international market size is $ 180 Billion and involves consumer products major Amway, cosmetics manufacturer Avon and health supplements maker Herbalife.

 

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
  • Click to share on Telegram (Opens in new window) Telegram

Related

Filed Under: MLM News [jetpack_subscription_form title="SUBSCRIBE TO Networking Eye - MLM News " subscribe_text="Sign up for our newsletter and receive news, updates, and the latest alerts." subscribe_button="Sign Me Up" ]

Leave a ReplyCancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know
  • In Hyderabad, scammers involved in Multi-Level Marketing schemes are specifically targeting women and job seekers
  • Elfin E-com’s Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable

TRENDING TODAY

  • All You need To Know About Vestige
    All You need To Know About Vestige
  • IDSA seeks uniform central regulation for direct selling
    IDSA seeks uniform central regulation for direct selling
  • Another MLM scam in the happening, this time under the pretext of an online survey
    Another MLM scam in the happening, this time under the pretext of an online survey
  • Indian government to soon issue the guidelines for Direct Selling Industry
    Indian government to soon issue the guidelines for Direct Selling Industry
  • Tupperware Looking Forward To get into Online Sales
    Tupperware Looking Forward To get into Online Sales
  • IDSA Demands for direct selling law; Global MLM CEOs to visit India
    IDSA Demands for direct selling law; Global MLM CEOs to visit India
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • How to make money online in India
    How to make money online in India
  • Qnet banned in Saudi Arabia
    Qnet banned in Saudi Arabia
  • Police Identified Properties of NMart: Gopal Singh Shekhawat & his Wife Underground
    Police Identified Properties of NMart: Gopal Singh Shekhawat & his Wife Underground

COMMENTS

  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies
  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam

Copyright © 2014–2025 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions