Coresight Bites: Indian Consumers’ Furniture Spending—The Impacts of Working from Home

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• Furniture and home improvement retail is experiencing a revival in India, due to pandemic-driven consumer behavior and market trends. We explore consumer spending projections, market drivers and innovative technology in our Market Outlook.
• We estimate that India’s consumer spending on furniture and home improvement will increase by 7.0% year over year in fiscal 2022 (ending March 31, 2022), based on data from India’s Ministry of Statistics and Program Implementation (MOSPI).
• We expect a steady increase in growth rates between fiscal 2022 and fiscal 2025.

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