Experienced pacer Tim Southee, who was ruled out of the forthcoming Test series against India after straining an ankle ligament, has found a place in the 15-member squad, while Henry Nicholls, who is part of the five-day game squad, has been dropped.
Batsman Anton Devcich, allrounder Jimmy Neesham and wicketkeeper BJ Watling have also been recalled to the squad for the series beginning in Dharamsala on October 16.
Anderson last played an international game for New Zealand during the World T20 in India, before a back injury ruled him out of the tours of Zimbabwe and South Africa.
NZC selector Gavin Larsen said Anderson's rehab would continue to be monitored and praised the allrounder for his work ethic.
"Corey's superb professionalism throughout his rehab process has led to this point, and it's a credit to him and the hard work he's put in," said Larsen.
"We're excited to have Corey back. He provides power through the middle-order and knows the conditions in India well.
"He's still working on his bowling and we'll continue to monitor that, but for this series he will be used solely as a specialist batsman."
"India conditions are known to be quite harsh, so it's really important that we have cover for all positions.
"Luke Ronchi and BJ Watling provides us with wicketkeeping and middle-order cover, while Anton is another spin option for us and can bat anywhere in the order."
"The last time we played ODIs was in the Chappell Hadlee series and victory there helped us reach the world number two ranking. We obviously want to keep growing on that and this series is another massive challenge for us."
New Zealand squad:
Kane Williamson (capt), Corey Anderson, Trent Boult, Doug Bracewell, Anton Devcich, Martin Guptill, Matt Henry, Tom Latham, James Neesham, Luke Ronchi, Mitchell Santner, Ish Sodhi, Tim Southee, Ross Taylor, BJ Watling.
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