From the available data, India’s import of monolithic integrated circuits, except digital, is projected to rise from $6.2317 billion in 2024 to $7.3035 billion by 2028. Compared to 2023, this forecast represents a consistent year-on-year growth pattern, with a CAGR of approximately 4% from 2024 to 2028. As of 2023, the figures stood at approximately $6 billion, showing a steady incline.

Future trends could be influenced by several factors:

Technological advancements in semiconductor manufacturing.
Government policies promoting local production could slow import growth.
Fluctuations in global semiconductor demand and supply chain dynamics.
Emerging sectors in India's tech and electronics landscape demanding higher imports.