Machinery and transport equipment in India
India: Machinery and transport equipment was 23.4% in 2023. ▲ Rising
Machinery and transport equipment in India, 1963–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for machinery and transport equipment in India is 23.4%, measured in 2023. That is the highest value across all 61 years on record.
The figure is up 11.8% on the previous year and up 36.0% over ten years.
Over the whole period, machinery and transport equipment in India peaked at 23.4% in 2023 and was at its lowest, 12.8%, in 1973.
India ranks 30th of 149 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 61 years of available data.
Machinery and transport equipment in India, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 13.2% | — |
| 1964 | 14.2% | +7.4% |
| 1965 | 15.3% | +7.9% |
| 1966 | 15.1% | -1.6% |
| 1967 | 15.6% | +3.4% |
| 1968 | 14.6% | -6.7% |
| 1969 | 14.5% | -0.2% |
| 1970 | 14.0% | -3.8% |
| 1971 | 15.8% | +12.9% |
| 1972 | 14.3% | -9.5% |
| 1973 | 12.8% | -10.5% |
| 1974 | 14.8% | +15.6% |
| 1975 | 15.0% | +1.5% |
| 1976 | 15.8% | +5.1% |
| 1977 | 15.3% | -2.8% |
| 1978 | 15.5% | +1.0% |
| 1979 | 15.8% | +2.0% |
| 1980 | 16.9% | +7.3% |
| 1981 | 17.8% | +5.3% |
| 1982 | 17.9% | +0.2% |
| 1983 | 17.2% | -3.9% |
| 1984 | 17.6% | +2.6% |
| 1985 | 17.6% | +0.0% |
| 1986 | 17.8% | +0.8% |
| 1987 | 16.1% | -9.4% |
| 1988 | 15.1% | -6.3% |
| 1989 | 16.9% | +11.7% |
| 1990 | 17.5% | +3.7% |
| 1991 | 18.2% | +3.9% |
| 1992 | 17.1% | -5.7% |
| 1993 | 14.7% | -14.5% |
| 1994 | 14.9% | +1.9% |
| 1995 | 18.1% | +21.3% |
| 1996 | 19.0% | +4.7% |
| 1997 | 16.5% | -12.9% |
| 1998 | 15.3% | -7.1% |
| 1999 | 16.1% | +5.2% |
| 2000 | 15.6% | -3.3% |
| 2001 | 16.8% | +7.3% |
| 2002 | 15.9% | -5.0% |
| 2003 | 17.1% | +7.8% |
| 2004 | 16.9% | -1.3% |
| 2005 | 18.6% | +9.8% |
| 2006 | 16.5% | -10.9% |
| 2007 | 15.6% | -5.8% |
| 2008 | 17.9% | +14.8% |
| 2009 | 19.6% | +9.6% |
| 2010 | 19.1% | -2.9% |
| 2011 | 18.5% | -2.7% |
| 2012 | 19.6% | +6.0% |
| 2013 | 17.2% | -12.5% |
| 2014 | 18.9% | +10.1% |
| 2015 | 19.8% | +4.8% |
| 2016 | 19.4% | -2.1% |
| 2017 | 19.6% | +1.2% |
| 2018 | 21.3% | +8.4% |
| 2019 | 20.7% | -2.6% |
| 2020 | 19.2% | -7.6% |
| 2021 | 17.9% | -6.5% |
| 2022 | 20.9% | +16.8% |
| 2023 | 23.4% | +11.8% |
India compared with similar countries
- India's 23.4% is above the median for lower middle income countries, which is 4.0%, 5.9× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.7% | 13.2% | 15.6% | 7 |
| 1970s | 14.9% | 12.8% | 15.8% | 10 |
| 1980s | 17.1% | 15.1% | 17.9% | 10 |
| 1990s | 16.7% | 14.7% | 19.0% | 10 |
| 2000s | 17.1% | 15.6% | 19.6% | 10 |
| 2010s | 19.4% | 17.2% | 21.3% | 10 |
| 2020s | 20.3% | 17.9% | 23.4% | 4 |
Countries ranked near India
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 35.69 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 24.38 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 39.10 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 44.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0099 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is machinery and transport equipment in India?
- Machinery and transport equipment in India was 23.4% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in India?
- The highest recorded value was 23.4% in 2023.
- What is the lowest machinery and transport equipment recorded in India?
- The lowest recorded value was 12.8% in 1973.
- How does India rank for machinery and transport equipment?
- India ranks 30th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in India?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).