The import of unrecorded magnetic discs to India has seen a consistent decline from 2017 to 2021, with values dropping significantly from 2.6756 million in 2017 to 0.64512 million in 2021. This represents a compounded annual growth rate (CAGR) of -30.47% over the five-year period, indicative of a substantial downward trend.

Future trends to monitor include:

Impact of digital transformation and cloud technologies reducing demand for physical storage media.
Potential uptick if there’s a resurgence in demand for legacy storage solutions in niche markets.
Technological advancements in magnetic disc technology making imports feasible again.