The export of Electrical and Electronic Equipment from India has experienced various fluctuations from 2013 to 2023, with a mix of growth and decline periods. The year-on-year variations show considerable changes, notably a drop in 2014 and 2020, contrasted by significant gains in 2018 and 2021. As of 2023, the export value stood at 12.776 billion US dollars, representing a moderate growth of 2.81% from the previous year. The last five years' CAGR (2023) averaged 1.53%, indicating steady but modest growth.
Looking ahead, forecasted data suggest a stable increase in exports, with an average annual growth rate of 2.1% over the next five years, resulting in a 10.95% rise by 2028. 2028 forecasts show an export value of 14.601 billion US dollars.
Future trends to watch for include the impact of global economic conditions on demand, technological advancements in the sector, and potential changes in trade policies and tariffs. Monitoring these aspects will provide a clearer picture of the sector's trajectory.
