Based on the available data, the imports of agricultural raw materials in India, expressed as a percentage of goods exports, are forecasted to gradually decline from 1.62% in 2024 to 1.55% by 2028. Over the past two years, this represents a year-on-year decrease of approximately 1.2% to 1.3%. The Compound Annual Growth Rate (CAGR) over the next five years is negative, indicating an average annual decrease of around 0.9%.
Future trends to watch for include potential changes in domestic agricultural production capabilities, shifts in trade policies, and fluctuations in global market demand. Monitoring technological advancements in agriculture and their impact on import dependency will also be critical.
- Gradual decline in import percentage from 2024 to 2028
- Average annual decrease of around 0.9% over the next five years
- Watch for changes in domestic production, trade policies, and global demand
- Technological advancements in agriculture could significantly impact trends
