In 2023, the import of inorganic chemicals, precious metal compounds, and isotopes to India stood at approximately 8.17 billion USD. The forecast data for the upcoming years shows a steady increase: 8.44 billion USD in 2024, 8.72 billion USD in 2025, up to 9.52 billion USD by 2028. From 2024 through 2025, the year-on-year growth rate is expected around 3.27%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.00%.
Future trends to watch include potential and fluctuating demand in key industries such as pharmaceuticals or electronics, impacting import volumes, as well as global economic conditions or policies affecting trade dynamics.
