answersLogoWhite

0


Best Answer

Wholesale Prices in India (Base: 2004-05=100)

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is base year for wholesale price index number in India?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What happens when the producer price index goes up?

The producer price index is a number that measures the amount of most wholesale goods. When the producer price index goes up, then that means the economy is slipping into a recession.


What is full form of WPI?

Wholesale Price Index


What is wholesale priceindex?

The Wholesale Price Index or WPI is the price of a representative basket of wholesale goods. The wholesale price index consists of over 2,400 commodities. The indicator tracks the price movement of each commodity individually. Based on this individual movement, the WPI is determined through the averaging principle. The following methods are used to compute the WPI. Hope that helped.


What is the tax index number for capital gains in India?

Tax index number is the technique used to find out the current moneytary value of a capital asset so as to find out the difference between the sale proceeds and the value thus found out by applying the index for the purpose of charging tax on the difference. For this purpose 1981 is taken as the base year and it has been assigned an index no of 100, which is calculated on the basis of wholesale price index and the level of inflation in the economy.


What is the new lease year for wholesale price index on recommendation of abhijit sen committee?

2004-05


How inflation measured in India?

inflation in india is measured by whole sale price index.


What is the history of index number of additional mathematics?

The index number in economic terms refers to an economic data figure reflecting price or quantity compared with a standard or base value. The best known index number is the consumer price index, which measures changes in retail prices paid by consumers.


Kerja projek matematik tambahan price index?

indek number


Is it wholesale changes or whole sail changes?

Wholesale


What is the current inflation rate in India and what effects of inflation in India?

Current inflation in India is a bit volatile. However, given different estimated values of commonly understood inflation in India, the Wholesale Price Index for all commodities is 156.8 for the month of October 2011 with a base of 2004-05=100. Inflation is the rate of change over any reference period. So, If we compare the figure with October 2010, the inflation is around 9.5 percent. However, wholesale price index (WPI) is not the only indicator to understand inflation. There are other indicators such as Consumer Price Index (CPI). Even within WPI and CPI there are also divisions for different groups of population. In India, for such subgroups inflation is measured by finding the rate of change in such indices for groups like agricultural labourers, urban non-manual employees, Industrial workers and so on. For a detailed description on inflation in Indian context, one may refer to the link <http://lokkatha.com/150/index.php/economics/55-inflation-a-price-rise-in-essential-commodities-a-consumers-perspective> Inflation & Price Rise in Essential Commodities: A Consumer's Perspective


What is index mumber?

An index number is an economic data figure reflecting price or quantity compared with a standard or base value.


What is index in stock exchange?

The index in a stock exchange refers to the indicator of the overall performance of the exchange. Usually a number of large conglomerates that are listed in the exchange are chosen for the calculation of the Index. For Ex: The Sensex (Bombay Stock Exchange) comprise of 30 of the top companies in India. Each of these 30 companies has a weightage in the index and the price movement of these companies in either direction can influence the index.