Value Added Deflator (Manufacturing) — Value Standard Local Currency in India
India: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 123.14 SLC in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in India, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
India recorded 123.14 SLC for value added deflator (manufacturing) — value standard local currency in 2023.
That represents a change of down 1.7% on the previous year and up 26.4% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in India peaked at 125.25 SLC in 2022 and was at its lowest, 5.04 SLC, in 1970.
That places India 120th out of 194 countries with data for 2023, putting it in the middle of the range.
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 | SLC | Change |
|---|---|---|
| 1970 | 5.04 SLC | — |
| 1971 | 5.42 SLC | +7.4% |
| 1972 | 5.79 SLC | +6.9% |
| 1973 | 6.71 SLC | +15.9% |
| 1974 | 8.38 SLC | +24.9% |
| 1975 | 8.53 SLC | +1.9% |
| 1976 | 8.68 SLC | +1.7% |
| 1977 | 9.15 SLC | +5.4% |
| 1978 | 9.51 SLC | +3.9% |
| 1979 | 11.1 SLC | +16.7% |
| 1980 | 12.38 SLC | +11.5% |
| 1981 | 13.37 SLC | +8.0% |
| 1982 | 13.95 SLC | +4.3% |
| 1983 | 14.94 SLC | +7.1% |
| 1984 | 15.81 SLC | +5.8% |
| 1985 | 17.05 SLC | +7.9% |
| 1986 | 17.61 SLC | +3.3% |
| 1987 | 18.79 SLC | +6.7% |
| 1988 | 20.55 SLC | +9.3% |
| 1989 | 22.56 SLC | +9.8% |
| 1990 | 24.6 SLC | +9.0% |
| 1991 | 27.59 SLC | +12.2% |
| 1992 | 30.54 SLC | +10.7% |
| 1993 | 32.39 SLC | +6.1% |
| 1994 | 35.84 SLC | +10.6% |
| 1995 | 38.89 SLC | +8.5% |
| 1996 | 40.38 SLC | +3.8% |
| 1997 | 41.82 SLC | +3.6% |
| 1998 | 44.27 SLC | +5.9% |
| 1999 | 45.01 SLC | +1.7% |
| 2000 | 47.53 SLC | +5.6% |
| 2001 | 48.68 SLC | +2.4% |
| 2002 | 49.99 SLC | +2.7% |
| 2003 | 52.64 SLC | +5.3% |
| 2004 | 56.39 SLC | +7.1% |
| 2005 | 59.33 SLC | +5.2% |
| 2006 | 63.92 SLC | +7.7% |
| 2007 | 67.04 SLC | +4.9% |
| 2008 | 73.11 SLC | +9.0% |
| 2009 | 76.43 SLC | +4.6% |
| 2010 | 84.71 SLC | +10.8% |
| 2011 | 88.71 SLC | +4.7% |
| 2012 | 93.84 SLC | +5.8% |
| 2013 | 97.39 SLC | +3.8% |
| 2014 | 98.95 SLC | +1.6% |
| 2015 | 100 SLC | +1.1% |
| 2016 | 100.75 SLC | +0.8% |
| 2017 | 103.05 SLC | +2.3% |
| 2018 | 107.13 SLC | +4.0% |
| 2019 | 106.19 SLC | -0.9% |
| 2020 | 106.77 SLC | +0.5% |
| 2021 | 117.51 SLC | +10.1% |
| 2022 | 125.25 SLC | +6.6% |
| 2023 | 123.14 SLC | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.83 SLC | 5.04 SLC | 11.1 SLC | 10 |
| 1980s | 16.7 SLC | 12.38 SLC | 22.56 SLC | 10 |
| 1990s | 36.13 SLC | 24.6 SLC | 45.01 SLC | 10 |
| 2000s | 59.51 SLC | 47.53 SLC | 76.43 SLC | 10 |
| 2010s | 98.07 SLC | 84.71 SLC | 107.13 SLC | 10 |
| 2020s | 118.17 SLC | 106.77 SLC | 125.25 SLC | 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)
- Net primary income (Net income from abroad) (current LCU), annual -5.3 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.51 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0922 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 249.25 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 7.91 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 8.05 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 21,766 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0081 (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 123.14 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in India?
- The highest recorded value was 125.25 SLC in 2022.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in India?
- The lowest recorded value was 5.04 SLC in 1970.
- How does India rank for value added deflator (manufacturing) — value standard local currency?
- India ranks 120th out of 194 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 up 26.4%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).