MLM industry crosses US $3.25 billion in retail sales, ranks 12th globally
Created on 2022-07-08 16:23:43 Posted By : Rajesh Kumar Yadav

There is another good news for all Distributors or Direct seller associated with the Network marketing industry aka Direct selling industry. More than the good news, this is a very satisfying answer for those who misunderstand the industry by meeting negative people or getting caught up in rumors.

Yes, the Direct selling industry has retained its 12th position in the global rankings, registering retail sales of $3.25 billion or about Rs. 27,650 crore in the last year 2021. Actually this report has been released by an international firm which is based in Washington, USA. Its name is World Federation of Direct Selling Associations (WFDSA) and its credible report states that the Indian direct selling industry grew by 7.7 percent in 2021. The industry has grown at a rate of 15.7 per cent year-on-year in the last three years from 2018 to 2021. According to this report, India's Direct selling industry has been ranked sixth in the Asia Pacific region.

This stunning data is a testimony to the growing strength and bright future of our entire industry on a global scale. We are proud that Glaze Trading India Private Limited i.e. Galway Business leads the Indian Direct Selling Industry which is emerging as the world's strongest business sector globally. If we talk about the ranking, then America was followed by South Korea and Germany. Responding to this report, Rajat Banerjee, Chairman, Indian Direct Selling Association (IDSA) said, "Despite the highly adverse business environment arising out of the COVID-19 pandemic, the Indian Direct Selling Industry has demonstrated a fighting spirit."

It cannot be denied that the last year has been very difficult for the business sector of the whole world including India. There was also a report of the Center for Monitoring Indian Economy (CMIE) which claimed that the unemployment rate in the country has increased to 7.97 percent during 2021. Apart from this, from hotels to aviation and from food to marketing, many industries had come to a standstill. Despite all this, our industry is boosting so much that we are among the top 12 business sectors in the various report of related sectors.

So let us all work together to seize this wonderful and unprecedented opportunity with the best business plan in the direct selling industry from Galway Business.