Forecast: Import of Parts and Accessories of Electronic Calculators to India

In 2023, the import value of parts and accessories of electronic calculators to India was approximately 4.5 million US dollars. The forecast for 2024 anticipates an increase, reaching about 4.6521 million USD, with a growth of 3.38% compared to the previous year. Over the subsequent years, a steady growth trend is forecasted, showing year-on-year growth rates as follows: 3.52% in 2025, 3.34% in 2026, 3.16% in 2027, and 3.00% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual increase of approximately 3.28%.

Future trends to watch for include:

  • Technological advancements in electronic calculators driving demand for newer parts.
  • Shifts in supply chain dynamics due to geopolitical or economic factors affecting imports.
  • Impact of local manufacturing capabilities and policies on import dependency.

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