In 2023, the import value of reaction engines other than turbo jets to India stood at a benchmark level before experiencing growth. The forecast for 2024 to 2028 indicates a steady increase, starting from 1.06 thousand in 2024 up to 1.15 thousand by 2028. This represents an average annual growth rate (CAGR) of approximately 1.05% over the five-year forecast period, illustrating a moderate upward trend.
Future trends to watch for include:
- Technological advancements impacting engine designs and demand levels.
- India’s strategic focus on industrial independence and aerospace innovation.
- Potential changes in trade policies and international relations affecting import flow.