The import of radio and radio-telephony receivers to India is forecasted to reach $343.77 million in 2024, increasing annually to $392.56 million by 2028. The data indicates a steady growth trajectory in the import value. In 2023, the actual import value stood at approximately $331.20 million.
Year-on-year variations show an increase of 3.59% in 2024, 3.65% in 2025, 3.45% in 2026, 3.27% in 2027, and 3.11% in 2028. Over the last two years, the average yearly variation was around 3.62%. The Compound Annual Growth Rate (CAGR) over the next five years from 2024 to 2028 is estimated to be 3.41%.
Future trends to watch for include potential shifts in technology, changes in consumer preferences towards more integrated telecommunication devices, and evolving trade policies that may impact import dynamics. Additionally, the growing digitalization and enhanced connectivity initiatives in India could influence the demand and import patterns of these devices.
