10/23/2024 10:38 AM (PST)

In 2024, India Import Data reveals several notable trends that are shaping the country's trade landscape. One significant trend is the surge in technology-related imports, particularly electronics and semiconductors, driven by India's expanding digital infrastructure and the growing demand for smart devices. Additionally, there has been an uptick in energy imports, with crude oil and natural gas continuing to dominate due to the country’s energy consumption needs. Another key observation from India Import Data is the rise in the import of electric vehicles (EVs) and related components, reflecting India's shift towards greener energy and sustainability goals. Agricultural imports, such as pulses and edible oils, remain substantial to meet the domestic consumption demand, especially in light of fluctuating local agricultural production. Furthermore, the data also highlights an increased focus on diversifying sourcing partners, as India looks to reduce its dependency on traditional markets like China, instead focusing on other Asian and Middle Eastern countries. This shift is indicative of India’s broader strategy to build more resilient supply chains in response to global disruptions. Find out more by clicking here: https://www.importglobals.com/india-Import-data