The government on Thursday set up a committee of experts to reset the base year of the current series of Wholesale Price Index (WPI) in an effort to make the measure of factory-gate inflation more accurate. This, in turn, will make India's estimation of economic output adjusted for inflation more precise.
An official statement issued by the commerce and industry ministry said the 18-member panel led by NITI Aayog member Ramesh Chand will advise on a proposal to change the base year of WPI from 2011-12 to 2022-23 reflecting the structural changes in the economy over the years.
The government also signaled its intention to transition from WPI, which covers goods but not services, to a more comprehensive producer price index (PPI) that can track services, which account for more than half of India's economic output.
この記事は Mint Chennai の January 03, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Chennai の January 03, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Kidfluencers on a Timeout as Rules Force Industry Rethink
Draft personal data rules turn brands hesitant to partner with underage influencers
Disney's Hulu + Live TV biz to merge with smaller rival Fubo
Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV in a deal that also potentially clears the way for the launch of its sports streaming venture with Fox Corp. and Warner Bros Discovery.
NCLAT to hear Meta's plea against CCI fine
CCI asked Meta to pay ₹213 crore fine for abusing its dominant position in relation to the 2021 policy update of WhatsApp
SC shifts e-comm cases to Karnataka HC
The Supreme Court has transferred to the Karnataka High Court (HC) all petitions challenging the Competition Commission of India's (CCI's) probe into alleged anti-competitive practices by e-commerce giants Amazon and Flipkart.
India Inc on the alert as HMPV cases rise in Asia
Health ministry will increase testing for HMPV as precautionary measure
For RBL Bank, credit cost is more important than growth
RBL Bank stock lost 40% of its value in 2024, and that had very little to do with the growth in advances and deposits. Instead, it was all about the asset quality issues.
Morgan Stanley Lowers Hopes for India Bond Inflows
Foreign ownership of FAR bonds increased from 3.5% to 6% of the outstanding amount in 2024
IT: Focus on commentary, not Q3
Low hopes
Will FIIs Return to Indian Market in 2025?
Robust SIP inflows and strong retail participation in broader markets are bolstering DII resilience
Funding in space industry of India falls 55% in 2024
Funding in India's space sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.
