New Delhi, March 5 -- The home decor industry, already struggling with sluggish demand, is expected to face continued stagnation for another year, according to a report by Nuvama, a financial services company.

The report added that the usual strategy of home decor companies to offer discounts may not be sufficient to revive sales due to the elevated inventory levels in the market.

The report highlights that the manufacturers based out of Morbi have been dumping stocks in the local market due to slower-than-expected exports. Exports have been slower in the face of anti-dumping duties (ADD) in some countries and partially due to higher freight rates, the report highlighted.

The report also highlighted an increase in competition in the pr...