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There's no denying the fact that India is one of the fastest growing economies of the world. Once considered to be a laggard in the world of trade and commerce, India is one of the largest markets for any company in the world and there's no stopping to it. The country's emergence as a strong player in the economic field has led to an increased interest among investors and entrepreneurs to make a beeline for India. In fact, several companies like automobiles, textiles etc. are coming up with products specifically targeting the Indian customer.

One segment of the Indian economy which has reaped a rich harvest from the country's growth trajectory is the furniture sector. Almost all leading international brands of furniture manufacturers are operating in the Indian market. Besides, Indian furniture exporters are having a gala time by catering to the increasing demands of the international markets.

Recent reports have claimed that the furniture industry of the country is generating an annual revenue of over $65 billion and is slated to grow by 20 per cent in the next few years. Indian furniture exporters are expected to bring in a significant part of this revenue.

Analysts have revealed that the industry can be divided into four major segments. These are office, residential, institutional and contractual. These segments can be further classified on the basis of specialization like furniture for bedroom, kitchen, living room etc. or on the basis of the material used in their making. Indian furniture exporters deal in all these pieces.

Earlier, most furniture manufactured in India used to be made from expensive woods like oak, mahogany, rosewood, walnut etc. Even fruit-woods and several rare wood veneers were also used for making such furniture. However, with most governments across the world implementing stringent laws on the felling of trees and the Indian government following suit, Indian manufacturers have shifted to other materials like plastic, metal and hybrid to make their pieces. Furniture exporters of the country are exporting such pieces as well.

Wooden furniture is still being made by the Indian furniture manufacturer and he is using other types of tropical hardwood like shorea, roble, eucalyptus etc. Felling of these woods is controlled by the government.

The Indian furniture manufacturer has been encouraged to produce more by the shopping mall revolution which has taken most cities in the country by storm. Indian furniture companies now have specialized outlets in these malls from where they offer superior quality yet highly affordable furniture.

The Indian furniture industry comprises both the unorganized and organized sector. While the former sector caters to exclusive dealers and retailers and often resorts to direct sales, the latter caters to exporters, wholesalers and franchisees. Indian furniture exporters are also known to procure directly from the unorganized sector.

With the real estate sector of the country booming again, the Indian furniture manufacturer and exporter is expected to witness a gala time in the near future as builders, architects, interior decorators and franchisee owners would buy furniture in increased quantities.