In 2024, the ICT goods imports in India are forecasted to be 10.37% of total goods imports, and this figure is expected to gradually increase each year, reaching 11.09% by 2028. Comparing this to the value in 2023, which was 10.2%, we observe annual variations:
- 2024: +1.7%
- 2025: +1.8%
- 2026: +1.7%
- 2027: +1.7%
- 2028: +1.6%
The five-year compound annual growth rate (CAGR) is approximately 1.7%. This steady growth indicates a consistent increase in the share of ICT goods in total imports.
Future trends to watch for include technological advancements, policy changes, and economic factors that could influence ICT goods demand and import patterns. Monitoring these factors will provide insights into potential shifts in the forecasted growth trajectory.
