In 2023, the import value of stone, plaster, cement, asbestos, and mica to India stood at $1.2 billion USD. The forecast from 2024 reflects a steady annual increase, with import values predicted to rise by approximately 4.2% each year through 2028, reaching $1.4532 billion USD. This projected trend indicates a continued incremental demand for these materials in India. The compounded annual growth rate (CAGR) from 2024 to 2028 is discernibly positive, suggesting sustained import growth.

Future trends to watch:

Shifts in construction industry demands and developments in infrastructure projects.
Fluctuations in global pricing and supply chains of building materials.
Government policy changes and trade agreements affecting import regulations.
Technological advancements influencing production and supply of alternatives.