The changes in inventories in India have experienced significant volatility from 2013 to 2023. Inventory levels peaked in 2014 at $51.141 billion and saw a dramatic drop by 2016, almost 60% lower. A notable recovery occurred in 2018 but was followed by another sharp dip in 2019 and a steep decline again in 2020. Inventory changes rebounded considerably in 2021 with a substantial 517.78% increase but remained less volatile through 2022 and 2023. In 2023, the inventory stood at $20.95 billion, marking an 8.1% decrease from the previous year.
Over the next five years, forecasted data indicates a stable but slightly declining trend, with a CAGR of -0.09% and a forecasted growth rate of -0.47% by 2028.
Future trends to watch:
- The impact of global supply chain disruptions on inventory levels.
- Adoption of advanced inventory management technologies.
- Economic policies and their influence on production and inventory turnover.
- Market demands and consumer behavior shifts.
