An Analysis of the Import Management System (IMS) 2024 in India: Impacts and Implications

Abstract

This research paper critically examines the implementation and effects of the Import Management System (IMS) 2024 in India, building upon the foundation laid by IMS 2023. The study employs a multi-method approach, analyzing secondary data from government publications, industry reports, and academic literature alongside qualitative insights from stakeholder interviews. The IMS 2024, designed to refine import processes, foster transparency, and bolster domestic manufacturing, is evaluated for its impact on processing times, regulatory compliance, and sector-specific outcomes. While evidence suggests improvements in certain areas, persistent challenges related to guideline clarity, the preparedness of domestic industries, and unforeseen logistical hurdles are also identified. This paper argues that the long-term success of IMS 2024 hinges on continuous stakeholder engagement, agile policy adjustments, and a comprehensive understanding of the interconnectedness of global supply chains. The implications for the Indian economy, domestic manufacturing capabilities, and future trade policies are discussed, and recommendations are proposed for both policymakers and further academic inquiry.