INSPECTIONS INDIA

The Antidote for Buyers

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The India Furniture Market anticipated a CAGR of 13.38% during the period of 2018-2023. The Indian Furniture market has been appreciated and explored by Hong Kong Trade Development Council (HKTDC). The report by HKTDC expected the Indian Furniture Market to grow over $ 27 Bn by 2022, representing a huge opportunity for furniture exporters across Asia. According to ministry of commerce, Government of India the wooden furniture exports also have seen a boost of nearly $40 million (Rs 292.5 crore) from $ 449.66 million in the year 2016-17 to $ 533.10 million in the 2017-18. The press release issued by EPCH indicates that the exports of wooden handicrafts have registered a growth of 8.97% during the year 2017-18 with Rs. 4267.37 crore, however, during the first six months of 2018-19 [April – Sept.] exports of wooden handicrafts have registered a growth of 33.47% and stands at Rs. 2619 crore.
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