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Cosmetic Industry is Booming: Thanks to Young Indians!

Young Indians, having all the resources and time, have developed the good-looking cosmetic industry into one of the fastest booming industries

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Cosmetic Industry
The cosmetics market of India is expected to triple by 2025. Wikimedia
  • Beauty has become a business in the world today, and its booming rapidly in India
  • The $6.5 billion cosmetic industry is expected to grow to reach $20 billion by 2025 making India among the top 5 biggest in the world
  • Fashion consciousness is being further fueled by India’s young demography as well as social media

July 13, 2017: The beauty and cosmetic industries of India are growing at a pace never witnessed before. This isn’t just the tale of big cities but in all parts of the nation.

The young demography of India is expected to continue fuelling the industry making it bigger and bigger. As the reports from RedSeer Consulting firm estimates; the market for cosmetics and mainly hair products, skin creams, deodorants, and more, is expected to triple from present $6.5 billion to $20 billion by 2025.

It also estimates that the compounded annual growth rate will reach 25 percent, which is way above the global average of 4.3 percent. This will make India amongst the top 5 biggest markets for cosmetics in the world.

As Shubham Anand (head of retail and consumer practice at RedSeer) points out, “this booming growth has a lot to do with India’s younger demographic. These Indians want to look good all the time.”

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Social media has also played an important role. Additionally, online retailers such as Flipkart, Nykaa, and Amazon are making products accessible. Online cosmetics sale is at $50 million.

The report also mentioned that the boom is certainly an attractive business expansion for luxury brands like Labiocos, Victoria’s Secret and others.

– by Saksham Narula of NewsGram. Twitter: @Saksham2394

Next Story

India’s Chandrayaan-2 on Course to Moon

The Indian space agency said the major activities include Earth-bound manoeuvres, the trans-lunar insertion, lunar-bound manoeuvres, Vikram’s separation from Chandrayaan-2 and touch down on the Moon’s South Pole

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India, Spacecraft, Moon
A spectator holds an Indian flag after a mission of Indian Space Research Organization's Chandrayaan-2, with the Geosynchronous Satellite Launch Vehicle on board was called back because of a technical snag in Sriharikota, India, July 15, 2019. VOA

The Indian space agency on Tuesday completed successfully the crucial orbit manoeuvre and put the Chandrayaan-2 spacecraft into the lunar orbit.

According to Indian Space Research Organisation (ISRO), the Lunar Orbit Insertion (LOI) was completed successfully at 9.02 a.m. as planned using the onboard propulsion system. All the systems of Chandrayaan-2 are healthy.

“The duration of manoeuvre was 1,738 seconds. With this, Chandrayaan-2 was successfully inserted into a lunar orbit. The orbit achieved is 114km X 18,072km,” the ISRO said.

Following this, a series of orbit manoeuvres will be performed on Chandrayaan-2 spacecraft to enable it to enter its final orbit passing over the lunar poles at a distance of about 100 km from the Moon’s surface.

Subsequently, the lander — Vikram — will separate from the Orbiter and enter into a 100km X 30km orbit around the Moon.

“Then, it will perform a series of complex braking manoeuvres to soft land in the South Polar region of the Moon on September 7, 2019,” ISRO said.

NASA
Earth’s view from moon’s surface. Pixabay

The health of the spacecraft is being continuously monitored from the Mission Operations Complex (MOX) at ISRO Telemetry, Tracking and Command Network (ISTRAC) in Bengaluru with support from Indian Deep Space Network (IDSN) antennas at Bylalu, near the Karnataka capital.

The next Lunar bound orbit manoeuvre is scheduled on Wednesday between 12.30-1.30 p.m.

On July 22, the Chandrayaan-2 was injected into an elliptical orbit of 170X45,475 km by India’s heavy lift rocket Geosynchronous Satellite Launch Vehicle-Mark III (GSLV Mk III) in a text book style.

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The spacecraft comprises three segments – the Orbiter (weighing 2,379 kg, eight payloads), the lander ‘Vikram’ (1,471 kg, four payloads) and rover ‘Pragyan’ (27 kg, two payloads).

The Indian space agency said the major activities include Earth-bound manoeuvres, the trans-lunar insertion, lunar-bound manoeuvres, Vikram’s separation from Chandrayaan-2 and touch down on the Moon’s South Pole. (IANS)