In 2023, the import of electrical apparatus for line telephony or telegraphy to India was recorded at $12.75 billion USD. Looking forward, the forecast suggests a steady increase, with values reaching $13.205 billion USD in 2024, continuing to $15.108 billion USD by 2028. This indicates year-on-year growth rates in the range of 3.7% to 3.5% for the subsequent years. The compound annual growth rate (CAGR) projected over the five-year period is approximately 3.5%.
Future trends to watch include the increasing demand for telecommunication infrastructure development and the potential influence of emerging technologies like 5G, which could sustain or accelerate import growth.
