The import of fixed electrical resistors with a capacity exceeding 20 watts into India is projected to increase consistently from 2024 to 2028. In 2023, this import value is vital, serving as a benchmark for future growth. The forecasts suggest year-on-year increases in import value, reflecting a steady demand for these components. From an economic perspective, this can be attributed to the expansion of India's electronic and electrical sector. Over the five-year forecast period, the CAGR indicates a healthy average annual growth rate.
Future trends to watch include technological advancements in resistor materials and increased domestic production capacity, potentially impacting import needs. Observing global supply chain stability and changes in international trade policies will also be essential to anticipate shifts in import dynamics.
