Direct Selling Industry Registers 16 % Growth

Hyderabad, Oct.31 (Maxim News): India’s Direct Selling Industry has witnessed a Compounded Annual Growth Rate (CAGR) of approximately 16 per cent and grown from Rs 8,308 crore in 2015-16 to Rs 13,080 crore in 2018-19, according to an annual survey released by Indian Direct Selling Association (IDSA) in the city today.

To highlight the findings of the Survey with focus on regional contribution, IDSA today organized a day-long symposium on annual survey 2018-19. The Symposium highlighted the contribution of the Southern Region especially Telangana to the growth of India’s Direct Sales. The Symposium was attended by officials from Telangana, experts, representatives from Industry chambers and direct selling industry. V Prakash Rao, Chairman, Telangana Water Resources Development Corporation, inaugurated the Symposium He also unveiled the Survey report.

V Prakash said TRS party included Direct Selling in its Manifesto in 2014. ‘Our Chief Minister is positive about Direct Selling industry and the potential in the state. Telangana is the first state in the country to implement Guidelines brought out by the Central Government on Direct Selling’, he informed. The Symposium was addressed by Rini Sanyal, Chairperson, IDSA, Rajat Banerji, Vice Chairman, IDSA, and Hem Pande, Advisor, IDSA.

Delegates and participants recognized that the direct selling industry has been playing a significant role in the in the state economy and can expand its contribution with the support of the government. The state needs to provide new momentum to the direct selling industry which significantly contributes to socio-economic development of the State.(Maxim News)