The import of watches with a case of base metal or metal clad with base metal to India is projected to grow steadily from 2024 to 2028, reaching approximately 301.03 million US dollars by 2028. In 2023, the import value stood at around 248.55 million US dollars. Year-on-year variations show a consistent annual increase, with a compound annual growth rate (CAGR) of approximately 3.91% over the five-year forecast period. This reflects a steady demand for these types of watches in the Indian market.

Future trends to watch for include:

Influence of changing consumer preferences toward smartwatches, which may impact traditional watch imports.
Potential effects of global economic conditions and trade policies affecting import tariffs and prices.
Emerging local and international brands trying to capture market share.