Ikea is scheduled to open its first store in India in Hyderabad in mid-2018. Graphic: MintBengaluru: Swedish giant Ikea Group’s entry into India will likely accelerate expansion of the country’s organized furniture market. Ikea is scheduled to open its first store in India in Hyderabad in mid-2018. And everyone, including analysts and executives at other furniture companies, agrees that its entry will prove beneficial for the industry. India’s indoor furniture market grew at a compound annual growth rate (CAGR) of 10.9% between 2012 and 2017, and is forecast to grow at a 3.8% CAGR between 2017 and 2022, according to Euromonitor International.

Source: Mint April 13, 2018 23:03 UTC