DPIIT close to finalising model to launch Producer Price Index in India

The Department for Promotion of Industry and Internal Trade (DPIIT) is close to finalising a model to launch a Producer Price Index (PPI) in India that may eventually replace the Wholesale Price Index (WPI).

PPI measures wholesale prices from the point of view of producers of goods and services by tracking prices at different stages of production. It has replaced WPI in most…