India's import of non-monetary gold in unwrought forms is projected to grow steadily from 2024 to 2028, starting at $36.464 billion in 2024 and reaching $39.009 billion in 2028. In 2023, the value stood at $35.850 billion, serving as a baseline for the forecasted values.
Year-on-year growth rates for each subsequent year are: 2025 (1.80%), 2026 (1.73%), 2027 (1.67%), and 2028 (1.60%). These subtle increments suggest a moderate expansion trend. The Compound Annual Growth Rate (CAGR) over the forecast period stands at approximately 1.70%.
Future trends to watch include potential influence from global gold price fluctuations, changes in regulatory policies, and shifting consumer demand patterns in India, which could impact import volumes and values.
