A study by Titze , a corporate consulting firm, shows that the prospects for the Indian retail and furniture industry are bright. India is expected to become one of the most dynamic and promising markets.

     The retail industry will especially benefit from the rapidly growing shopping centers. This kind of shopping mall was completely new to India 10 years ago. Today, Indian consumers regard the shopping mall as the most popular meeting place. Indians will feel the desire to consume, and the huge number of sales generated by consumers will lead to long-term sales figures.

     The development of the furniture industry is similar. In the past years, many Indians have learned Western ideas and modern furniture during their stay abroad. The result of these is the growing consumer desire of all social classes.

     Although German furniture exports to India increased significantly between 2003 and 2008 , some other countries' exports to India far exceeded that of Germany. Therefore, the goal now is to work harder than before to increase exports to India.

     In this study, Titze concluded that India and Brazil will become the two most important new markets for the furniture industry in the coming years.

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