Indian economy is growing at 6-7 percent per annum and with it, there is growth in the percentage of disposable income with Indian middle class. In addition, banks are offering attractive instruments like credit cards and personal loans to the consumers. All this is translating into larger demand for consumer durable and nondurable products in Indian market. Also with the growth in the economy, there is an increasing demand for imported raw materials, consumables and finished products. Exports are also rising as demand for Indian products is increasing in the overseas markets.
