India's arms exports are forecasted to grow steadily from 2024 to 2028. In 2023, the arms export value stood at a certain benchmark level (actual data not provided). From 2024 onwards, notable year-on-year increases occur with a value of 54.355 million USD in 2024, reflecting a modest rise over the previous year. The growth trend continues with values reaching 55.992 million USD in 2025, 57.613 million USD in 2026, 59.217 million USD in 2027, and 60.805 million USD in 2028. The forecasted data indicates a consistent upward trajectory in arms exports.
Year-on-year percentage variations from 2024 to 2028 show a steady increase, with each year reflecting a slight increase from the previous year. The Compound Annual Growth Rate (CAGR) over the five-year period averages out to a moderate, sustainable growth rate annually.
Future trends to watch for include geopolitical shifts influencing demand for Indian arms, advancements in defense technology, government policies enhancing export capabilities, and strategic partnerships with other nations. Monitoring these factors will be crucial in understanding and leveraging future growth opportunities in India's arms export sector.
