The forecast for the import of printed reading books, except dictionaries, to India indicates a steady decline from 2024 to 2028, dropping from $66.171 million to $59.17 million. In 2023, data showed imports at approximately $67.9 million. This reflects a consistent year-on-year decline of about 2.7% on average. Over the five-year period, the compound annual growth rate (CAGR) is projected to be around -2.1%, illustrating a downward trend in the imports of printed reading books.
Future trends to watch for include:
- Increased digital adoption and e-reader usage potentially reducing physical book imports further.
- Changing consumer preferences toward local and regional publications potentially affecting import dynamics.
- Exchange rate fluctuations and economic policies impacting international book trade.