Monday, September 12, 2022

WPI base year revision discussions: DPIIT

Discussions on to revise WPI base year: DPIIT

 NEW DELHI: Inter-pastoral conferences are advancing on reexamining the Wholesale Price Index (WPI) base year from 2011-12 to 2017-18, division for advancement of industry and inward exchange (DPIIT) secretary Anurag Jain has said.

Modifying base year to 2017-18 for calculation of discount expansion would help in introducing a more practical image of the cost circumstance the nation over.

The DPIIT in June last year had given a draft specialized report of a functioning gathering, which recommended reconsidering the base year of the discount cost record as well as expansion of around 480 new things in the new series.

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