In 2023, the import of parts for hydraulic turbines and water wheels to India stood at 7.71 million USD. The forecast from 2024 to 2028 suggests a consistent declining trend. On a year-on-year basis, the value decreases with the following approximate percentages: 2025 (-3.75%), 2026 (-3.82%), 2027 (-3.89%), and 2028 (-3.96%). The Compound Annual Growth Rate (CAGR) over these five years reflects an average annual decline rate of about -3.86%.

Looking ahead, several trends merit attention:

Technological advancements in turbine efficiency might influence import needs.
Government policies on renewable energy investments may alter import volumes.
Emerging local manufacturing capabilities could gradually reduce dependency on imports.