Bed and bath products make up for two-thirds of this market.
The upholstery market is currently estimated to be Rs 2,000 crore, which is 22 per cent of the urban home furnishings market in India.
Kitchen products constitute only 8 per cent of the total urban home furnishings market.
Only 6 per cent of the home furnishings market is currently organised. Most of the organised players are focused on the bed and bath segments.
NUGGETS
Selections from management journals
Having been on the periphery, the domestic business process outsourcing industry is steadily moving onto everyone's radar.
Companies including Genpact, IBM Daksh, Firstsource Solutions, MphasiS and Intelenet Global Services are looking to significantly increase their presence, while others are waiting for the right time to enter the space. What has brought about the growing interest?
Experts from Wharton and elsewhere cite multiple factors, including the scorching pace of the Indian economy, the phenomenal growth of companies in sectors including telecommunications and financial services, the slowdown in the US economy, and an increasing number of global firms entering the Indian market.
The next frontier for India's outsourcing industry? The domestic market
India Knowledge@Wharton
June 13-June 26
Read this article at http://knowledge.wharton.upenn.edu/india
The late May announcement by American car manufacturer Ford Motor Company that it will cut up to 12 per cent of salaried jobs is yet another piece of disappointing news from Detroit.
Despite moves by Ford and other US car companies to bring operating costs closer to those of other competitors, their efforts seem almost too little, too late.
With gas prices steadily rising and American consumer demand for gas-guzzling vehicles dwindling, could this be the end of the road for US carmakers? American carmakers have the ability to survive, say faculty at Emory University and its Goizueta Business School, but they will have to be prepared to make significant changes to their operating model.
Have US automakers finally run out of gas?
Knowledge@Emory
June 11 - July 08
Read this article at http://knowledge.emory.edu/
CEOs dream of delivering efficient and sustainable growth
