History Of Furnishing Industry In India

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INTERIOR FURNISHING INDUSTRY IN INDIA: Economic growth and industrial revolution in India in the early 1980s played a huge role in the development of private sectors. One such sector is Interior design and furnishing industry which is relatively new field in India. Initially there was a misconception between interior design and architecture. Interior design industry involves working with fabrics, furniture, wall coverings and other artistic works while the latter deals with mathematics, geometrical analysis, structure of building, etc. There is a huge boom in the growth of interior design Industry in India due to urbanisation. A planned and professionally designed artistic space is easily affordable these days which was just a dream for previous generation. In earlier days, interior design in India is completely based on utilitarianism. Interior design of an average middle class house consists of bricks, painted walls, basic furniture and some local handicrafts adorning the walls. But now, it has become wider and has fragmented into many segments such as residential design, corporate design, commercial design, etc. FDI in Furniture & Furnishing - Favourability in India: For FDI in Furniture & Furnishing % Favourable Growth in the sector and in modern retail segment 50 Political support 75 Impact of 30% sourcing from SME segment …show more content…

According to NASSCOM reports, the development of IT/ITES sector in India have revolutionised the way the corporate offices are designed. These days, even small corporates in India prefer modern sophisticated arena to traditional cabins. As on May 2014, the number of registered companies in India crossed 13 lakh. The market size of Indian real estate is expected to grow at a CAGR OF 11.2 percent and the total FDI in real estate sector stood at 22.7 dollar billion in

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