Description:
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The Indian economy maintained the momentum of growth recorded in the last three years, exhibiting a robust 8.9 per cent in Q1 FY 07, the highest ever first quarter growth rate. The construction and manufacturing sectors, key contributors to the impressive growth figure, are galloping ahead.
The demand for Hand Operated Tools is heavily dependent on trends in construction activity, automotive use, manufacturing activity, and personal-consumption expenditure. With a flourishing economy, immense new construction potential, remodeling, and do-it-yourself home improvement, the Indian Hand Tools market is slated to grow exponentially.
Northern India is home to leading manufacturers from a vast array of industries, including the automotive, electronics, printing and textile sectors. Northern India is also a key construction market. The region remains the largest market for Hand Tools in India. |