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Inflation in India

In: International Business and Political Economy

Author

Listed:
  • Dipak Basu

    (Nagasaki University)

  • Victoria Miroshnik

    (Tsukuba University)

Abstract

India uses the wholesale price index (WPI) to calculate and then decides the inflation rate in the economy ( mospi.nic.in ). In India, a total of 435 commodities data on price level is tracked through the WPI, which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index that is available on a weekly basis with the shortest possible time lag only two weeks. The Indian government has taken the WPI as an indicator of the rate of inflation in the economy.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2015. "Inflation in India," Palgrave Macmillan Books, in: International Business and Political Economy, chapter 14, pages 144-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47486-5_15
    DOI: 10.1057/9781137474865_15
    as

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