CURRENT AFFAIRS

Detailed explanation-1: -In accordance with the report of “The Global Direct Selling – 2019 Retail Sales” by the World Federation of Direct Selling Associations (WFDSA), India was ranked 15th in the global direct selling industry with sales of USD 2.477 billion in 2019. This has shown a growth of 12.1% in comparison to the 19th rank in 2018.

Detailed explanation-2: -WFDSA reports global estimated retail sales of $180.5 billion (Constant U.S. Dollars) for 2019. Excluding China, worldwide retail sales showed a year-over-year increase of 1.4 percent with all regions around the globe up from 2018. Global sales results, including China, resulted in a decrease of 4.3 percent.

Detailed explanation-3: -The Indian direct selling industry has reported retail sales of USD 3.25 billion in 2021 (around Rs 27,650 crore) and maintained its 12th place in the global rankings, said a report released by Washington-based World Federation of Direct Selling Associations (WFDSA).

Detailed explanation-4: -1. MI Lifestyle Marketing Global Pvt. Ltd. A direct-selling company named Mi Lifestyle Marketing Global Private Limited, an Indian Best Direct Company was established in Chennai in 2013 and provides customers with a selection of lifestyle products approved by the Ministry of AYUSH.