In 2024, the share of transport services imports in India stood at 23.36% of services imports. This forecasted value is expected to decline gradually over the next few years: to 22.75% in 2025, 22.15% in 2026, 21.56% in 2027, and 20.97% in 2028. Observing the year-on-year variation, there is a consistent decrease, with percentage drops of approximately 2.6%, 2.6%, 2.7%, and 2.7% respectively over each year from 2024 to 2028. The compound annual growth rate (CAGR) estimates an average annual reduction of about 2.57% over the five-year period from 2024 to 2028.
Future trends to watch for include shifts in global trade dynamics, advances in technology affecting logistics and transportation efficiency, and changes in domestic transport policy. Monitoring these factors will be crucial to understanding and predicting import patterns for transportation services in India.
