The forecast for silk imports to India from 2024 to 2028 shows a decline from $188.1 million in 2024 to $170.26 million in 2028. Assuming the data for 2023 is not provided, we cannot estimate the year-on-year variations for that point. However, from 2024, the consistent decline indicates an average yearly decrease in import value. The compound annual growth rate (CAGR) for this period highlights a decreasing trend in imports.
Future trends to watch for include:
- Evolving domestic production capabilities impacting import reliance.
- Changes in silk consumption patterns globally and in India.
- Potential trade agreements or policy changes affecting silk import dynamics.
