Q. Which index is used to calculate inflation in India?

[A] Wholesale Price Index

[B] GDP deflator

[C] Commodity Price Index

[D] Productive Price Index

Answer: A
Notes:

In India inflation is calculated by using Wholesale Price Index. WPI calculates the price paid by the manufacturers and wholesalers in the market.

 

Source: Sriram’s IAS

Blog
Academy
Community