The export value of electric lamps and lighting fittings from India has shown a progressive growth trajectory from 2023 to 2028. In 2023, actual exports were recorded at a certain level, with forecasted data indicating a steady annual rise from 2024 to 2028. Specifically, export values are projected to grow from 33.766 million USD in 2024 to 38.74 million USD in 2028. The year-on-year percentage variations display a consistent growth pattern, underscoring an increasing global demand for Indian electric lighting products. The Compound Annual Growth Rate (CAGR) over the last five years reflects a robust average annual increase in exports.
Future trends to monitor include:
• Innovations in energy-efficient lighting solutions.
• Expansion in emerging markets with rising industrialization.
• Strategic government initiatives supporting export growth.
• Impact of international trade policies and economic conditions on export dynamics.
