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
Network Marketing/MLM market in New Delhi, India, to triple in next 9 years

Network Marketing/MLM market in New Delhi, India, to triple in next 9 years

By Ak Sharma | Published on 11/07/2016

5 / 5 ( 1 vote )

Key Highlights:

  • Guidelines on direct selling/networking marketing in final stage
  • Network marketing to reach Rs.15-20 billion by 2025
  • Direct selling industry/network marketing directly in line with the Government’s ‘Make in India’ campaign.

New Delhi, 5 July (Networkingeye): As per the reports from FICCI – KPMG on Tuesday, June 28, 2016, the market size of the Direct Selling/ network marketing Industry in the capital city, New Delhi, has the potential of reaching Rs. 15-20 billion by 2025

The report, titled, ‘Direct Selling: Delhi – A Global Industry, Empowering Millions’ — attributes the growing income of the middle-class households, growth in the consumer markets and an increase in the infiltration of direct selling/ network marketing to globally comparable levels as main reasons for the growth of this industry.

Chandralekha Malviya, Principal Advisor, Ministry for Consumer Affairs, Food and Public Distribution said “We acknowledge the contribution of this industry and we have worked hard on preparing the guidelines for the industry. It is in the final stages of approvals and will be released very soon.”

As per the report, the direct selling/network marketing industry in India is currently considered to be at Rs. 7,500 crores and between 2009-10 and 2013-14, New Delhi was the fastest growing direct selling/ network marketing states at a compound annual growth rate of 43 percent.

Besides being the fastest growing, New Delhi has also recorded the double-digit growth of more than 16 percent over the past four years, which has attracted a large number of Indian and foreign direct selling/ network marketing companies.

The report further added that the state has seen a continuous growth in the number of direct sellers/ network marketing in the year 2013-2014. More than 250,000-300,000 direct sellers were estimated to be engaged in the industry and this number is only expected to grow further as the industry expands.

The report affirmed that the direct selling/ network marketing industry has assisted in providing self-employment opportunities and supported women empowerment. Nearly 145,000-175,000 female direct sellers got the opportunity of self-employment in 2013-14, through direct selling/ network marketing industry.

The report added that the direct selling industry/network marketing has also contributed to the overall growth and technology percolation which is mainly due to its sourcing manufacturing capabilities of Small and Medium Enterprises (SMEs) in the state and is directly in line with the Government’s ‘Make in India’ campaign.

Stressing on the growth contributors, the report suggests that the industry has the potential for greater penetration.

A robust gross domestic product (GDP), an increase in the household income that is expected to triple by 2025, rapidly growing urbanization, and overall growth of the industry in key sectors such as health and wellness, cosmetics, household goods, many of which are expected to grow at 10-16 percent, are considered to be the other growth factors of direct selling/ network marketing industry.

The report also emphasized on the series of immediate short terms reforms as well long terms measures that are required for a favorable and sustainable operating environment in India for the companies operating in direct selling/ network marketing industry.

Chief Executive of Vestige Marketing, Anukul Agrawal, said “We are very encouraged to learn from Consumer Affairs Ministry that the guidelines will be issued very soon. Direct selling industry will strictly follow the guidelines.”

  • Tweet
  • WhatsApp
  • More
  • Email
  • Print
  • Telegram

Related

Filed Under: MLM News

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Leave a Reply Cancel reply

LATEST NEWS

  • Vestige To Launch PETA certified 100% Vegan Assure Natural Range
  • Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
  • Enforcement Directorate (ED) attaches assets of ‘bike bot’ MLM Ponzi Company worth 103 crores
  • Indian Direct Selling/MLM Companies rises as top performer among Asia Pacific Companies
  • New Consumer Protection Act of 2019 to Protect Online Customers

TRENDING TODAY

  • QNet Is A scam In India or Legit?
    QNet Is A scam In India or Legit?
  • Indian Cyber Crime Toll-free Number to Report Online Frauds
    Indian Cyber Crime Toll-free Number to Report Online Frauds
  • Top MLM Companies of Network Marketing in India
    Top MLM Companies of Network Marketing in India
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • The Status of Network Marketing/MLM/Direct Selling in India
    The Status of Network Marketing/MLM/Direct Selling in India
  • list of top mlm companies in india
    list of top mlm companies in india
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • The Difference Between Linear Income and Residual Income
    The Difference Between Linear Income and Residual Income
  • Top 100 Global MLM companies in the world
    Top 100 Global MLM companies in the world
  • Top 400 Earners Network Marketing (based on earnings per month)
    Top 400 Earners Network Marketing (based on earnings per month)

COMMENTS

  • Sekhar Chetry on SCAM Companies New Updated list
  • KS on SCAM Companies New Updated list
  • Saad on SCAM Companies New Updated list
  • kiran on QNet Is A scam In India or Legit?
  • bhavin b rathod on Top MLM Companies of Network Marketing in India

Copyright © 2014–2021 · NetworkingEye.com

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

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.