The forecast for the import of punching, notching, punch-shear machine tools not numerically controlled to India from 2024 to 2028 shows a steady increase. With 2023 as a baseline (actual data), 2024 marks the start of the forecasted period. In 2024, imports are expected to rise to 35.725 million USD. By 2028, this figure is projected to climb to 37.588 million USD, indicating a consistent growth trend over these years.
The year-on-year growth from 2024 onwards is approximately 1.34% in 2025, 1.30% in 2026, 1.25% in 2027, and 1.22% in 2028, showing a slightly decreasing growth rate over the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be about 1.33%, signifying moderate growth.
Future trends to watch for include technological advancements in manufacturing machinery, potential shifts in trade policies affecting imports, and changes in India's industrial growth patterns. Monitoring these factors will be crucial for anticipating changes in import quantities and values beyond 2028.
