India's changes in inventories (current US$) was US$47.15 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 17.6% from US$40.09 billion in 2015 (1.63% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$47.15 billion | 2025 |
| Five years earlier | US$5.18 billion | 2020 |
| Ten years earlier | US$40.09 billion | 2015 |
| Highest | US$73.19 billion | 2010 |
| Lowest | −US$6.94 billion | 1996 |
| Average since 2016 | US$31.56 billion | 2016–2025 |
| First recorded | US$1.29 billion |
What the numbers say
In 2025, India's changes in inventories (current US$) rose US$1.94 billion on 2024 (from US$45.2 billion to US$47.15 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +US$1.18 billion and a typical year strayed about US$17.44 billion from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$27.24 billion in 2014 and the biggest yearly fall was US$32.72 billion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, India had the 4th highest value of the 109 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to India in the 2025 ranking
- Germany — 1st of 109: US$81.77 billion
- Russian Federation — 2nd of 109: US$71.77 billion
- Switzerland — 4th of 109: US$36.43 billion
- United Kingdom — 5th of 109: US$32.21 billion
- Indonesia — 6th of 109: US$26.77 billion
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 66 values
| Year | Changes in inventories (current US$) |
|---|---|
| 2025 | 47,146,877,800 |
| 2024 | 45,202,214,135 |
| 2023 | 45,757,198,143 |
| 2022 | 21,573,288,852 |
| 2021 | 28,701,481,766 |
| 2020 | 5,181,538,735 |
| 2019 | 19,074,266,074 |
| 2018 | 45,512,196,104 |
| 2017 | 36,860,024,613 |
| 2016 | 20,587,312,275 |
Changes in inventories (current US$) in nearby economies
More economic policy & debt data for India
- Total reserves, including gold (current US$) — US$700.07 billion (2025)
- Total reserves, excluding gold (current US$) — US$576.45 billion (2025)
- General government final consumption expenditure (current US$) — US$426.05 billion (2025)
- General government final consumption expenditure (current LCU) — 37.21 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$341.19 billion (2025)
- General government final consumption expenditure (constant LCU) — 32.99 trillion (2025)
- General government final consumption expenditure (% of GDP) — 10.77% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$2.24 trillion (2025)
Reading data like this
Questions people ask
- What is India's changes in inventories (current US$)?
- US$47.15 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 3,563% from US$1.29 billion in 1960 (5.7% a year on average, compounded). The highest value was US$73.19 billion in 2010 and the lowest −US$6.94 billion in 1996.
- How does India rank?
- 4th highest of 109 economies with data for 2025.
- Is the latest change in changes in inventories (current US$) unusual for India?
- In 2025, India's changes in inventories (current US$) rose US$1.94 billion on 2024 (from US$45.2 billion to US$47.15 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +US$1.18 billion and a typical year strayed about US$17.44 billion from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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