SPSC Aspirants Sikkim
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Repost from Vajiram & Ravi Official Channel
#StudyWithVajiram | ➡️The Department of Promotion of Industry and Internal Trade (DPIIT) has said that the department has finalised a new model of the Producer Price Index (PPI) to efficiently capture input prices in the economy and has shared it with the International Monetary Fund (IMF).
➡️The government is also working towards changing the base year of the wholesale price index (WPI) from 2011-12 adding that the government is slo mulling on moving from the WPI to PPI going ahead in line with most G20 economies.
➡️While WPI is an easy and convenient method to calculate inflation. It excludes the service sector, which covers about 55% of GDP. Further, it has an inbuilt bias due to double counting of the same product and doesn’t include exports and imports.
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Repost from Vajiram & Ravi Official Channel
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#ToBeReadVajiram in The Indian Express:
12/7/2024 (Delhi edition e-paper)
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Repost from Vajiram & Ravi Official Channel
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#ToBeReadVajiram in The Hindu: 12/7/2024 (Delhi edition e-paper)
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INDIAN EXPRESS HD Delhi 12~07~2024.pdf
INDIAN EXPRESS HD Delhi 12~07~2024.pdf7.18 MB
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THE HINDU HD Delhi Edition 12~07~2024.pdf
THE HINDU HD Delhi Edition 12~07~2024.pdf18.27 MB
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