The forecasted import of machines for public works and building in India shows a steady increase from 6.07 thousand in 2024 to 7.3 thousand in 2028. In 2023, the actual import level was similar to the 2024 forecast at 6.07 thousand. Year-on-year growth rates reveal a consistent upward trend with a growth of 5.3% from 2024 to 2025, 4.9% from 2025 to 2026, 4.5% from 2026 to 2027, and about 4.3% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period averages out to approximately 4.7%.

Future trends to watch for include:

Technological advancements in public works machinery potentially impacting import volumes.
Government infrastructure initiatives that could drive demand for imported machines.
Global trade policies and their impact on machinery import costs and supply chains.
Fluctuations in the construction industry due to economic shifts influencing the market dynamics.