The import of parts for gas turbine engines, except turbo-jets and turbo-propellers, in India is forecasted to decline from $114.04 million in 2024 to $92.348 million by 2028. This indicates a clear downward trend, with specific year-on-year decreases observed: 4.9% from 2024 to 2025, 5.1% from 2025 to 2026, 5.2% from 2026 to 2027, and 5.4% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a consistent reduction in imports at an average rate of 5.15% per year.
Future trends to watch for include potential shifts in domestic production capabilities, policy changes affecting imports, advances in technology that might alter demand, and global economic conditions influencing international trade. Monitoring these factors will be crucial in understanding the trajectory of imports beyond 2028.
