Govt to update IIP, WPI with base year 2011-12
The government will release revised values of Index of Industrial Production (IIP) and Wholesale Price Index (WPI) within this year with a new base year of 2011-12, Chief Statistician of India TCA Anant said. This is to make them more representative of the current economic scenario, he added. Currently, the IIP and WPI have a base year of 2004-05.