INDIA'S RAPIDLY EVOLVING job market sees many young professionals migrating to cities in search of employment, leaving behind the comfort of their homes and settling into rented accommodation. With the emergence of competitive furniture and appliance rental startups offering flexible tenure plans and affordable pricing, doing so has now become a practical alternative, especially for professionals in the early stages of their careers.
Data from the Employees' Provident Fund Organization (EPFO) released in November 2024 highlights a significant increase in new members joining the formal workforce. This trend reflects the rapid urbanization and growing workforce mobility shaping India's economy. A substantial proportion of these professionals are relocating from smaller towns to metros and Tier 1 cities, where they face the additional financial burden of furnishing their new homes. Initial furnishing costs often range between ₹1.5-2 lakhs, equivalent to 8-10 times their monthly salaries.
Esta historia es de la edición December 11, 2024 de Financial Express Mumbai.
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Esta historia es de la edición December 11, 2024 de Financial Express Mumbai.
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