There is no denying the fact that the Indian economy is surging ahead at a fast rate. The nation, once considered to be a sleeping giant, is now actually up and alert and is on a bullish run, taking on major world economies like the US, France, Italy, Japan and others. Several analysts have forecast that the Indian economy would overtake that of China by 2050. While the furniture sector constitutes a minuscule part of India’s market, it would be worthwhile to note that the business is revered all across the world. Indian furniture manufacturers (also known as “Fabricants de meubles indiens” in French) make some of the well-crafted pieces of furniture that adorn the house of the rich and affluent as well as the common man. In short it can be said that Indian furniture manufacturers cater to all classes of customers.
Recent studies by international agencies have revealed some very interesting facts about the Indian furniture business. They have predicted that in the coming years, the market will be propelled by their products will be procured by Indian furniture wholesalers who from the Indian furniture manufacturers.
But the furniture sector would be caused by what exactly to observe a growth that has been hitherto hidden?
India now has a housing sector and booming real estate. According to figures released by the section of industrial policy and promotion, government of India, the real estate sector has attracted foreign direct investments to the tune of approximately $2.8 billion in the last financial, making it one of the biggest sectors that have interested foreign investors. Besides, the demand for residential space is slated to cross the four million residential units by 2014.