Government may unveil IIP, WPI with base year 2011-12
Monday, March 6, 2017, 3:50 PM
Government will launch two macroeconomic indicators the index of industrial production and the wholesale price index, with new base year 2011-12 by April . This will help ensure compatibility with growth numbers. Change in the baseline for IIP and WPI, currently at 2004-05, is anticipated to bring in more accuracy in mapping the level of economic activity and calculating other numbers like national accounts.