Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Why we need a new Income-Tax Act
 ITR 2024: No tax refund yet? Here's why it's delayed and how to check
 ITR Filing: Income Tax Refund Not Received Yet? Here's What to Do Now
 ITR Refunds for FY2023-24 (AY2024-25): Who will receive tax refunds quicker, filers of ITR-1, ITR-2 or ITR-3?
 Penalties for Non-Adherence of MCA Notification on Audit Trail (Edit Log) w.e.f 1st April 2023
 Income Tax: What is Section 148A notice and what are the new changes brought under Budget 2024?
 GST on health and life insurance: How much do tax rates impact your premiums? check here
 Income Tax Refund Delays Here s why your refunds are stuck and how long Income Tax Dept can legally take
 ITR filing: How can taxpayers check their income tax refund status online? A step-by-step guide
 ITR filing 2024: Waiting for your income tax refund? Here are 3 tax refund rules you should know
 How to check income tax refund status online using PAN card?

Direct selling to touch Rs 15K crore by 2012
June, 25th 2007

The shortage of time for people in todays busy life has a brighter side for direct sellers, with the industry appears set for a quantum jump in the next few years.

The size of direct selling industry, which is around Rs 3,100 at present, will expand four folds to Rs 15,000 crore by 2012, driven by segments like health, wellness and personal care.

With a population of one billion, it would not be difficult to say that the direct selling industry of the country would be anywhere between Rs 10,000 crore to Rs 15,000 crore by 2012, Indian Direct Selling Association (IDSA) chairman P Sanker said. The boom will be a result of good fundamentals, including large population and high purchasing power, he added.

The fastest growing segments in India in order of size are nutrition, kitchen, education, personal care and beauty products. Insurance also contributes around 10% to revenue coming from direct selling, Sanker said.

Despite the potential, he said, issues like awareness among people and changing consumers attitude towards direct selling are required to be addressed for the industry to grow. Population is indicative of potential, but in India the mentality of people is yet to take off and Indians have to understand that anything and everything can be sold through direct selling, Sanker said.

At present, the country has 13 lakh sales people, of which eight lakh are active businessmen, who sell products through direct selling at least once a month, a report by Ernst and Young revealed.

Interestingly, around 65% of sales persons are women and around 250-300 product categories are sold in the country through direct selling.

Sanker said direct selling started in India in 1995 and today 16 companies, including Amway, Oriflame, Avon, Hindustan Lever Network and Max Life Insurance are the members of the IDSA.

The global direct selling industry is measured at $105 billion and around 4,000 companies across the world are member of the World Federation of Direct Selling Association through its 53 affiliates like the IDSA in India.

 

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting