In 2023, the import of digital monolithic integrated circuits to India stood at a significant base, given the continued expansion in technology demand. From 2024 onwards, forecasts indicate a steady increase in imports, with year-on-year growth rates as follows: 5.87% from 2024 to 2025, 5.43% from 2025 to 2026, 5.05% from 2026 to 2027, and 4.71% from 2027 to 2028. The compound annual growth rate (CAGR) across these five years is projected to be approximately 5.26%, reflecting a robust demand trajectory in India's technological infrastructure and development sector.

Future trends to watch for:

Emerging government initiatives promoting domestic semiconductor production, potentially affecting import volumes.
Growing demand in sectors such as telecommunications, automation, and electronics, driving sustained import requirements.
Geopolitical factors influencing trade policies and supply chain dynamics.
Rapid technological advancements necessitating continuous upgrades and new imports.