Based on the provided data, India's IT hardware exports value are forecasted to grow from 2.17 in 2024 to 2.24 in 2028. These forecasts indicate a consistent year-on-year growth in IT hardware exports. Comparing 2023 with 2024, there has been an increase, and this upward trend is expected to continue steadily over the next five years. The Compound Annual Growth Rate (CAGR) for the period 2024-2028 can also be interpreted as a modest but stable increase per year.
- Year-on-year growth from 2024 to 2025: approximately 0.9%
- Year-on-year growth from 2025 to 2026: approximately 0.5%
- Year-on-year growth from 2026 to 2027: approximately 0.9%
- Year-on-year growth from 2027 to 2028: approximately 0.9%
- Last CAGR (2024-2028): reflects a stable annual growth around 0.9%
Future trends to watch for include potential impacts from global supply chain restructuring, changes in trade policies, and technological advancements driving demand for new types of IT hardware. Additionally, monitoring the competitive landscape and emerging markets could provide further insights into the growth trajectory of India’s IT hardware exports.
