Value Added Deflator (Manufacturing) — Value Standard Local Currency in India
India: Value Added Deflator (Manufacturing) — Value Standard Local Currency was -1.69 % change on previous year in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in India, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added deflator (manufacturing) — value standard local currency in India stood at -1.69 % change on previous year. That is the lowest value across all 53 years on record.
Compared with earlier readings it is down 125.6% on the previous year and down 144.5% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in India peaked at 24.87 % change on previous year in 1974 and was at its lowest, -1.69 % change on previous year, in 2023.
That places India 168th out of 209 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.44 % change on previous year | — |
| 1972 | 6.92 % change on previous year | -7.0% |
| 1973 | 15.85 % change on previous year | +129.1% |
| 1974 | 24.87 % change on previous year | +56.9% |
| 1975 | 1.87 % change on previous year | -92.5% |
| 1976 | 1.73 % change on previous year | -7.5% |
| 1977 | 5.45 % change on previous year | +215.0% |
| 1978 | 3.88 % change on previous year | -28.9% |
| 1979 | 16.75 % change on previous year | +332.2% |
| 1980 | 11.47 % change on previous year | -31.5% |
| 1981 | 8.03 % change on previous year | -30.0% |
| 1982 | 4.33 % change on previous year | -46.1% |
| 1983 | 7.1 % change on previous year | +64.0% |
| 1984 | 5.84 % change on previous year | -17.7% |
| 1985 | 7.85 % change on previous year | +34.5% |
| 1986 | 3.27 % change on previous year | -58.3% |
| 1987 | 6.71 % change on previous year | +104.9% |
| 1988 | 9.34 % change on previous year | +39.3% |
| 1989 | 9.79 % change on previous year | +4.8% |
| 1990 | 9.03 % change on previous year | -7.8% |
| 1991 | 12.17 % change on previous year | +34.8% |
| 1992 | 10.68 % change on previous year | -12.3% |
| 1993 | 6.08 % change on previous year | -43.1% |
| 1994 | 10.63 % change on previous year | +74.9% |
| 1995 | 8.52 % change on previous year | -19.9% |
| 1996 | 3.84 % change on previous year | -54.9% |
| 1997 | 3.56 % change on previous year | -7.3% |
| 1998 | 5.85 % change on previous year | +64.5% |
| 1999 | 1.69 % change on previous year | -71.2% |
| 2000 | 5.58 % change on previous year | +231.3% |
| 2001 | 2.42 % change on previous year | -56.6% |
| 2002 | 2.7 % change on previous year | +11.4% |
| 2003 | 5.31 % change on previous year | +96.6% |
| 2004 | 7.12 % change on previous year | +34.2% |
| 2005 | 5.2 % change on previous year | -26.9% |
| 2006 | 7.73 % change on previous year | +48.6% |
| 2007 | 4.89 % change on previous year | -36.7% |
| 2008 | 9.04 % change on previous year | +84.8% |
| 2009 | 4.55 % change on previous year | -49.7% |
| 2010 | 10.83 % change on previous year | +138.0% |
| 2011 | 4.72 % change on previous year | -56.5% |
| 2012 | 5.78 % change on previous year | +22.6% |
| 2013 | 3.79 % change on previous year | -34.5% |
| 2014 | 1.6 % change on previous year | -57.7% |
| 2015 | 1.06 % change on previous year | -33.8% |
| 2016 | 0.752 % change on previous year | -29.1% |
| 2017 | 2.28 % change on previous year | +203.3% |
| 2018 | 3.96 % change on previous year | +73.5% |
| 2019 | -0.8719 % change on previous year | -122.0% |
| 2020 | 0.5471 % change on previous year | -162.8% |
| 2021 | 10.06 % change on previous year | +1738.1% |
| 2022 | 6.59 % change on previous year | -34.5% |
| 2023 | -1.69 % change on previous year | -125.6% |
India compared with similar countries
- India's -1.69 % change on previous year is below the median for lower middle income countries, which is 5.62 % change on previous year. (41 countries reporting)
- India's -1.69 % change on previous year is below the median for South Asia, which is 3.79 % change on previous year. (6 countries reporting)
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1738.1% | 0.5471 % change on previous year | 10.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.42 % change on previous year | 1.73 % change on previous year | 24.87 % change on previous year | 9 |
| 1980s | 7.37 % change on previous year | 3.27 % change on previous year | 11.47 % change on previous year | 10 |
| 1990s | 7.2 % change on previous year | 1.69 % change on previous year | 12.17 % change on previous year | 10 |
| 2000s | 5.46 % change on previous year | 2.42 % change on previous year | 9.04 % change on previous year | 10 |
| 2010s | 3.39 % change on previous year | -0.8719 % change on previous year | 10.83 % change on previous year | 10 |
| 2020s | 3.88 % change on previous year | -1.69 % change on previous year | 10.06 % change on previous year | 4 |
Countries ranked near India
- 165 Uruguay -1.1 % change on previous year compare
- 166 Israel -1.48 % change on previous year compare
- 167 Djibouti -1.64 % change on previous year compare
- 169 Republic of Korea -1.81 % change on previous year compare
- 170 Thailand -1.86 % change on previous year compare
- 171 Belarus -2.01 % change on previous year compare
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 value added deflator (manufacturing) — value standard local currency in India?
- Value added deflator (manufacturing) — value standard local currency in India was -1.69 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in India?
- The highest recorded value was 24.87 % change on previous year in 1974.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in India?
- The lowest recorded value was -1.69 % change on previous year in 2023.
- How does India rank for value added deflator (manufacturing) — value standard local currency?
- India ranks 168th out of 209 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in India?
- Over the last ten years it is down 144.5%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Statizoid (derived), published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added Deflator (Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.