What is PPI and why will it replace WPI in India?
Synopsis India is phasing out the Wholesale Price Index for a new Producer Price Index. This shift aims to capture prices closer to the factory
Synopsis India is phasing out the Wholesale Price Index for a new Producer Price Index. This shift aims to capture prices closer to the factory gate.
Both indices will run in parallel for five years to allow business adjustments. Contracts currently referencing WPI will need recalibration during this transition. The government
seeks to align with international practices and improve economic data.
The BriefWire